Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
The agreement, which takes effect Jan. 1, will guarantee the import of 132,304 metric tons of U.S.-grown rice, valued at $110 million.
Pan Ocean, a mixed-fleet ocean shipping carrier, reported a double-digit revenue decline but experienced a double digit surge in profits in the third quarter of 2019 when compared to the third quarter in 2018.
South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.
DHL Express plans to invest 131 million euros ($144.5 million) to nearly triple the size of its package sort facility adjacent to South Korea’s Incheon International Airport to help keep up with the rapid rise of e-commerce shipments in the region. The upgrades will increase total handling volume by more than 150% and increase its […]
Northern Asia is again in the cross-hairs of an extreme weather event as Typhoon Mitag bears down on some of the busiest box ports in the world.
A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie Smith, owner of Smith Specialized Logistics, it is one of the biggest moves by tractor-trailers ever in the Houston area, requiring a caravan of more […]
Japan’s Cabinet on Aug. 2 approved a measure that will allow the Ministry of Economy, Trade and Industry (METI) to impose new licensing policies and procedures on exports and transfers of controlled items to South Korea.
Heat wave spreading across dozens of states, including major metro areas
Drivers in nearly two dozen states dealing with dangerous heat, humidity
Busiest port in the world, Shanghai, may have to deal with tropical storm-related delays
No single country can absorb the trade flow from China to the U.S., and likely contenders are already growing faster than capacity.
South Korean ocean carrier HMM may have a shiny new corporate identity but its first quarter results were written in the same dreadful red ink as last year. Although the ocean carrier generated large increases in revenues, its costs surged, which led to large losses in the first three months of 2019.
South Korean ocean box shipping company, Hyundai Merchant Marine, and Russian far East intermodal box transport specialist, FESCO, have announced a series of changes to their Russia-China-Korea shipping operations. Rail specialist FESCO has also announced extensive Russia-China rail services.
Brisbane, Australia-based construction company Watpac has been contracted to provide design, engineering and construction services to EPIK, a South Korean liquefied natural gas (LNG) developer for the construction and placement of a floating storage regasification unit (FSRU) at the Port of Newcastle in New South Wales, Australia. Watpac is a subsidiary of Belgian multi-disciplinary engineering company, Besix.
Pantos Logistics, the leading logistics company in South Korea, has become the latest member to join the Blockchain in Transport Alliance (BiTA).
The two Koreas consider historic trade agreements in the middle of ‘Autumn Eve’, their peak shipping season.
Hyundai is working on mass producing hydrogen fuel cell powered heavy-duty electric trucks, which would make an entry into the Swiss commercial market between 2019 and 2023.
South Korea-based Lotte Global Logistics announced that it has joined the Blockchain in Transport Alliance (BiTA).
Hyundai Merchant Marine wants to grow its fleet to 1M TEU capacity and vault itself into the ranks of the very largest maritime carriers. The South Korean government is financing HMM’s expansion after letting Hanjin collapse in 2016/7.
