South Korea's ambitious Lotte Global Logistics set for IPO
With demand for logistics services expected to grow, South Korean 3PL Lotte Global Logistics is ...
A Seoul court this morning sentenced former DSME chief executive Nam Sang-tae to six years in jail after he was found guilty earlier this year of string of offences, including embezzlement and taking bribes. Daewoo is one of the largest shipbuilders in the world and constructed Maersk Line’s first Triple-E series, but suffered hugely following the collapse of the global shipbuilding industry, having received state subsidies amounting to around $11bn. His crimes included buying a stake in another shipbuilding firm at ...
European port congestion now at five-to-six days, and getting worse
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Ocean rates rise after tariff pause acts as 'starting gun' for more front-loading
Carriers react quickly to transpac demand surge, but rates remain muted
ONE opts for South Korean newbuilds to avoid hefty US port fees
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
Legal challenges for tariffs and de minimis, as EU eyes new ecommerce rules
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