South Korea

The United States and South Korea agreed to formally cooperate on  shipbuilding investment and development.

A Korean industrial giant will help design a new-generation supply ship for the U.S. Navy.

U.S.-based Cerberus Capital Management and HD Hyundai of South Korea announced an investment partnership in the American maritime sector.

Korea Ocean Business Corp. invests $287M in Georgia to enhance South Korean logistics in the U.S.

The Trump administration announced a trade deal to impose a 15% tariff on imports from South Korea.

South Korea proposed a massive U.S. shipbuilding partnership as Seoul looks to finalize a trade deal with Washington.

Trump sets August tariff start just ahead of Wednesday’s deadline for more than 90 U.S. trade partners.

Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.

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Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.

Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.

Israel Aerospace Industries has added a second overseas facility to carry out passenger-to-freighter conversions of the Boeing 777-300.

“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.

Maersk is a giant in the ocean shipping industry. It is also heavily investing to grow its all-cargo airline.

Maersk Air Cargo is preparing to start U.S. service that originates in South Korea.

Cainiao, which means newcomer or beginner in Chinese, is the 8-year-old logistics unit of Alibaba. Besides providing express delivery for packages ordered through Alibaba, it is offering end-to-end logistics services to other companies.

Alibaba is challenging Amazon on many fronts, including logistics. It’s now handling import/export operations in South Korea.

Typhoon Maysak could disrupt supply chains for at least a few days in the major global freight market of Busan, South Korea.

“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.

The new class of container ships is part of HMM’s quest to achieve net-zero carbon emissions by 2050.