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HMM extends slot reservation policy for Korean SMEs

HMM will continue to provide extra container shipping capacity for South Korean small and medium enterprise (SME) exporters until the end of 2021. South Korea’s...

Hanoi acts to cool overheated freight market

The Vietnamese government has joined its counterparts in China, Taiwan, the US and South Korea, by intervening to cool the overheated container shipping market. Vietnam’s Ministry of Industry...

HMM makes early redemption of convertible bonds

HMM is exercising its right to make early repayment to holders of KRW240 billion (US$220.79 million) of convertible bonds. The bonds were issued in December...

South Korea eyes container manufacturing

The South Korean government is considering starting a container factory to address the ongoing container shortage. Officials from the state-backed ship finance institution Korea Ocean...

HMM sees US$1bn swing into massive profit

HMM has recorded its largest ever profits following a change in fortunes that saw the carrier make a US$254 million loss in 2019 transformed...

HMM adds capacity to North Europe trade

South Korean liner operator HMM will launch an extra loader service from Busan to North Europe and is considering a similar move for its...

ONE website established for APUS cargo owners’ information

Ocean Network Express (ONE) has set up a website for cargo owners that had freight on board the ONE Apus, which lost around 1,800...

Seoul wants more North Europe and SE. Asia capacity

South Korea's Ministry of Oceans and Fisheries announced on 30 December that it has asked local liner operators to deploy more ships to North...

South Korea’s K-Alliance to launch in 2021

Five South Korean liner operators will codeshare on services to Southeast Asia in Q2 2021, after acceding to a request by the Ministry of...

KOBC ups box leasing to HMM as shortages drag into 2021

State-backed ship financing institution Korea Ocean Business Corporation (KOBC) has agreed to a third round of container leases with the country’s flagship liner operator,...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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