BUSAN, May 24 (Korea Bizwire) – The Port of Busan, South Korea’s largest port, was marginally outstripped last year by the Port of Hong Kong, conceding the title of the fifth-busiest container port in the world, namely on account of the Hanjin Shipping crisis. The South Korean port ranked sixth globally in 2016, processing 19.43 [...]
BUSAN, May 23 (Korea Bizwire) – Container cargo handled at South Korea’s biggest port of Busan has edged up over the past eight months despite the demise of Hanjin Shipping Co., once the country’s No. 1 shipping firm, data showed Tuesday. Container cargo processed at the southeastern port came to 13.05 million twenty-foot-equivalent units (TEUs) [...]
JINJU, South Korea, March 17 (Korea Bizwire) – The Foundation of Agricultural Technology Commercialization & Transfer (FACT) is testing a self-developed shipping container maintenance technology that allows for the export of fresh agricultural produce via container ships. According to officials, 614 kilograms of strawberries from Jinju, South Gyeongsang Province, are being shipped off to Singapore [...]
SEOUL, March 2 (Korea Bizwire) – The collapse of Hanjin Shipping Co. is expected to push up shipping costs of local exporters, and thus undermine their competitiveness and profitability, a survey showed Thursday. The once top South Korean shipping line was declared bankrupt on Feb. 17. The failure of Hanjin is forcing local shippers to [...]
SEOUL, Feb. 28 (Korea Bizwire) – Hyundai Merchant Marine Co., a major South Korean shipping line, and two local shipping firms Tuesday forged an alliance, a move apparently aimed at overcoming the downturn hurting the entire industry. Under the strategic alliance, dubbed HMM+K2, they will share ships under a code-sharing scheme, as well as separate [...]