SEOUL, Oct. 15 (Korea Bizwire) — Container shipping costs from South Korea to China rose for the eighth consecutive month in September, the customs agency said Tuesday. The average shipping cost for a 40-foot container from South Korea to China climbed 17.6 percent on-month to 862,000 won (US$634.48) last month, according to the data from [...]
SEOUL, Oct. 10 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Thursday it has won a 1.69 trillion-won (US$1.25 billion) order to build six liquefied natural gas (LNG) dual-fuel container vessels from a European shipper. Hanwha Ocean will construct six 15,000 twenty-foot equivalent units (TEU) LNG dual-fuel container ships at its dockyard [...]
SEOUL, Sept. 19 (Korea Bizwire) — Container shipping costs from South Korea to the U.S. east coast and Europe increased for the fourth consecutive month in August amid prolonged geopolitical risks in the Red Sea, data showed Thursday. The average shipping cost for a 40-foot container from South Korea to the U.S. east coast rose [...]
SEOUL, Jul. 15 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Monday it has secured a contract worth 3.7 trillion won (US$2.67 billion) to build 12 container carriers for a European shipping firm. Under the contract, HD Korea Shipbuilding will supply 12 carriers with a capacity of [...]
SEOUL, Jun. 17 (Korea Bizwire) — Container shipping costs from Europe to South Korea rose for the fourth consecutive month in May amid ongoing tensions surrounding the Red Sea, the customs agency said Monday. The average shipping cost for a 40-foot container from the European Union to South Korea went up 5 percent on-month last [...]
SEOUL, Nov. 17 (Korea Bizwire) — The Rural Development Administration (RDA) under the agriculture ministry said Wednesday it had developed new technology to ensure cost-effective transport of agricultural products while maintaining their freshness. The RDA developed a controlled atmosphere (CA) container that enables the adjustment of temperature, humidity, and the density of oxygen and carbon [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Glovis Co. has developed an exclusive container that enables dead electric vehicle (EV) batteries to be transported in an economically efficient manner. The logistics unit of Hyundai Motor Group announced on Wednesday that it acquired a patent for a Platform Container that is designed to transport a variety [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean food processing firms are striving to develop microwavable packing containers for frozen and instant foods amid the growing popularity of home meal replacement (HMR) products, industry sources said Thursday. The size of the local packaging industry stood at 44.2 trillion won (US$41.4 billion) in 2015 while the [...]
DAEGU, Sept. 7 (Korea Bizwire) – These children may be excited to be studying in an unusual set of classrooms made out of shipping containers, but they’re actually victims of a process to rebuild their school. Daegu’s Dongcheon Elementary School was deemed to be unsafe last year, with high susceptibility to natural and other man-made [...]
SEOUL, Oct. 12 (Korea Bizwire) – The Box Park in London, England, a famous shopping center made from shipping containers, will be built in Seoul as well. Seoul Mayor Park Won-soon, Kolon Industry and the Seoul Business Agency signed a business agreement to establish a Box Park in Seoul at Kolon Common Ground near Konkuk [...]