containers Archives | Be Korea-savvy
Shipping Companies Exploiting Truck Drivers to Clean and Repair Containers

Shipping Companies Exploiting Truck Drivers to Clean and Repair Containers

BUSAN, May 3 (Korea Bizwire) — Shipping companies using the Busan Port are handing over containers in poor condition to truck drivers for cleaning or repair without proper payment, incurring losses of billions of won each year. Last November, the Busan Port Authority conducted examinations of 9,278 empty containers withdrawn from three terminals at Busan [...]

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]