Shippers urge an end to truck strike as South Korean exports take a hit
The Korea International Trade Association (KITA) today said it had received 32 complaints from 19 ...
In the wake of the collapse of Hanjin Shipping and the subsequent crisis beginning to sink South Korea’s shipbuilding industry – new vessel orders in the first nine months of the year were down some 87% year-on-year – the South Korean government has decided to set up a ship finance firm with an initial capitalisation of $870m to stave off further bankruptcies. One silver lining for the industry is that recent IMO rulings on sulphur emissions is expected to lead to a surge in demand for LNG-fuelled vessels, as well as LNG bunker ships for ports.
EXCLUSIVE: Indian digital forwarder Freightwalla shuttered
Peak season hopes dashed as freight rates slip again
Panama Canal restrictions could halt US coastal shift
Shippers hold back on contracts amid uncertainty and ample capacity
DB Schenker – sale, float, nothing
Airlines that adapt quickly will survive likely freight pain in H2
Comment on this article