Container Ships Archives | Be Korea-savvy

S. Korean Exporters Stung by Soaring Freight Rates

SEOUL, Sept. 10 (Korea Bizwire) — South Korean exporting companies are suffering from sky-high freight rates and a dearth of container ships, industry sources said Thursday. The Shanghai Containerized Freight Index, a barometer of global freight rates, came to 1320.8 on Friday, up a whopping 61.4 percent from the yearly low of 818.6 in April. [...]

Samsung Heavy Industries to Build World’s Largest Container Ships

Seoul, Mar. 3 (Korea Bizwire) — Samsung Heavy Industries has won a contract to build the world’s largest container ships from Japan’s MOL (Mitsui O.S.K. Lines) for 609.2 million dollars, said the company on March 2. Samsung Heavy Industries is due to build, by 2017, four 20,000 TEU class container ships whose deck size will equal that of [...]