SEOUL, Mar. 15 (Korea Bizwire) — Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday. The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-month to 1.24 million won (US$934.16) last month, according to the [...]
SEOUL, Feb. 15 (Korea Bizwire) — Container shipping costs from South Korea to Europe soared more than 70 percent last month amid escalating tensions in the Red Sea, data showed Thursday. The average shipping cost for a 40-foot container for the route surged 72 percent on-month to come to 4.35 million won (US$3,262.5) in January, [...]
SEOUL, Dec. 16 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has secured an exclusive shipping space at the port of Bremerhaven in Germany, one of the largest automobile shipping ports in Europe. The company said Wednesday that it had signed a deal with the port’s terminal operator BLG Logistics [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s airfreight exports jumped to account for 36 percent of the country’s overall exports last year, industry data showed Tuesday, on higher demand for chips and biohealth products. Of the country’s combined exports of US$512.5 billion in 2020, air transport accounted for $183 billion, according to the data [...]
NEW YORK, Feb. 2 (Korea Bizwire) — Potter Esquire Media Group is helping the global shipping, maritime, and shipping container industry with their digital transformation in a major way… via mobile responsive website design, ecommerce shopping experiences, search engine optimization (SEO), digital advertising, and omni-channel digital strategy. Large Brands Need a Digital Transformation in 2021 [...]
SEOUL, June 9 (Korea Bizwire) — The airline industry, facing one of an almost existential crisis posed by the coronavirus, is making unexpected progress in the shipping sector. Korean Air Lines Co., the country’s top flag carrier, said Sunday that its international shipping in April reached 104.6 tons, up by 12 percent from last year. [...]
SEOUL, Dec. 5 (Korea Bizwire) — Three out of 10 shipowning company managers said they are likely to order new ships within the next 12 months, according to an industry report, in a sign that the maritime sector sees light at the end of the tunnel. SMM, the leading international maritime trade fair that takes [...]
SEOUL, Sept. 5 (Korea Bizwire) – Prosecutors said Tuesday they indicted two international auto shipping companies for fixing bid prices for sea transportations of Korean-made automobiles. Japan-based Nippon Yusen Kabushiki Kaisha, also known as the Japan Mail Shipping Line, and the Seoul-based multinational EUKOR Car Carriers Inc. have been charged with colluding with a few other firms [...]
SEOUL, May 31 (Korea Bizwire) – President Moon Jae-in on Wednesday vowed to build a stronger maritime nation by bolstering its economic and military powers at sea. As part of the efforts, he promised to establish a public corporation to provide financial assistance to the nation’s ailing shipping and shipbuilding industries, and revive their global [...]
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 [...]