SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Merchant Marine Co. said Tuesday it will soon launch a block train service to Europe via the Trans China Railway (TCR) from South Korea. The unit train service to Europe by way of China will be the first of its kind, although South Korean firms have already launched [...]
SEOUL, Aug. 28 (Korea Bizwire) – South Korea’s shipping industry is still reeling from the fallout from Hanjin Shipping Co.’s bankruptcy last year as the remaining companies have yet to fill the vacuum left by Hanjin, once the nation’s top player, analysts said Monday. Hanjin Shipping, previously the world’s seventh-largest shipper, was put under court [...]
SEOUL, March 16 (Korea Bizwire) – Hyundai Merchant Marine Co., a major shipping line in South Korea, said Thursday that it has signed a deal for strategic cooperation with a global shipping alliance, paving the way for the company to better compete with rivals. In December last year, Hyundai Merchant agreed with Maersk Line, Mediterranean [...]
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 [...]
SEOUL, Feb. 24 (Korea Bizwire) – Hyundai Merchant Marine Co., South Korea’s top shipping firm, said Friday that its shareholders approved a proposal to raise the number of stocks and bonds to be sold, paving the way to get fresh funding from a state-backed firm. Earlier, Korea Shipping Co. said it would buy stocks and [...]
SEJONG, Feb. 16 (Korea Bizwire) – With a Korean court’s imminent declaration of bankruptcy for Hanjin Shipping, which is scheduled for Friday, the Ministry of Oceans and Fisheries announced a set of plans to follow to help revive the local shipping industry. During a press briefing on Wednesday at the government complex in Sejong City, [...]