News

 

17.01.30

South Korea Creates ''Korea Shipping Company''

South Korean is set to create a state-funded firm tentatively name ''Korea Shipping Company'' worth KRW1 trillion (US$850 million) in a bid to support the nation's deficit-ridden shipping companies...

17.01.27

South Korea's Box Trade Ups 1% But Transhipments Fall 3% in 2016

Trade ports in South Korea handled a total of 25.948 million TEUs of containers in 2016, according to an announcement made by the nation’s Ministry of Oceans and Fisheries. The total container thro...

17.01.26

Busan Fails to Clear Goal of Handling 20 Mln TEUs in 2016

The Busan Port Authority (BPA) recently announced that a total of 19.46 million TEUs of containers were processed at the Port of Busan in 2016, which increased 2.7% from the previous year. The port...

17.01.26

S. Korea-China Containers Swell 6.6% in 2016

The combined volume of local and feeder containers moved between South Korea and China in 2016 increased 6.6% year on year to 2,853,997 TEUs, despite the slowdown in the Chinese economy, according ...

17.01.25

75 New NVOCCs registered, permitted, approved in ’16

According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), 75 business operators were newly registered, permitted and approved as non-vessel operating common carriers (NVOCCs)...

17.01.24

China Railway Launches Yiwu-London Box Train Link

China Railway Express (CRE)'s container train fully loaded with all kinds of cargoes left Yiwuxi Railway Station in eastern China's Zhejiang province on January 1 and arrived in London on January 1...

17.01.23

Korea-China Ferry Containers Expand 7.2% in 2016

A total of 598,420 TEUs of containers were moved by ferry between South Korea and China in 2016, which increased 7.2% year on year. Meanwhile, 1,525,131 passengers in total used ferry services betw...

17.01.23

Three Countries Ratify Trade Facilitation Agreement

Ghana, Mozambique, and Saint Vincent & the Grenadines ratified the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) early in 2017. With the ratification of these countries, only fo...

17.01.20

Asia to US Box Flow Reaches All-time High in 2016

In December 2016, 1,316,389 TEUs of containers were exported from 18 countries and regions in Asia to the U.S., which surged 12.8% from a year earlier to establish a new record for the month of Dec...

17.01.20

Japan-China Containers Grow Both Ways in Nov.

The Japan Maritime Center (JMC) announced on Jan. 17 that 968,511 tons of containers were transported outbound from Japan to China in November 2016, which rose 10.5% from a year earlier and enjoyed...

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