Chinese ecommerce behind transhipment traffic increase at Incheon Airport
South Korea’s Incheon International Airport Corp (IIAC) expects air cargo to double, to 6m tonnes, ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Up to 50,000 people could lose their jobs in the South Korean shipbuilding industry as demand for new ships is expected to remain low. Cheap fuel and weak world trade have contributed to a global 71% year-on-year slump in shipbuilding orders in the first quarter. In South Korea, orders are expected to fall 85% in value this year. The shipbuilding companies in the country are all trying to restructure, or boost their coffers, after the main three racked up losses totalling KW7.7tn ($6.54bn) last year.
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