Red Sea crisis forces Maersk to increase capacity over strategy limit
Maersk Line appears to have temporarily abandoned its strategy of maintaining capacity at no more ...
The National Assembly Building of the Republic of Korea Credit: ClumsyForeigner
South Korea has amended its Shipping Act to protect its shipping industry from falling foul of anti-trust laws, but the move may have come too late to help 23 liner operators avert massive fines of nearly $672m.
In June, the Korea Fair Trade Commission (KFTC) imposed fines on 12 local liner operators, including HMM, SM Merchant Marine (also known as SM Line), Pan Ocean and Sinokor Merchant Marine, as well as 11 foreign liner operators, including Maersk Line, Cosco Shipping Lines ...
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