Korean antitrust body slaps $81m fine on price-fixing liner operators

The Korea Fair Trade Commission (KFTC) has fined 23 liner operators a total of $81m for ‘fixing’ freight rates on the South Korea to South-east Asia lane between 2003 and ...

Jan 18, 2022• 1 Comments•

Pan Ocean Headlines

News / Intra-Asia services suffering as smaller box ships are diverted to long-haul trades

The cascading of smaller box ships to more-lucrative long-haul lanes has created a shortage of ...

Korea International Trade Association (KITA) Korea Shipowners' Association Namsung Shipping Pan Ocean Sinokor Merchant Marine

Jul 17, 2024• Comments•

News / 'Milestone' for Pan Ocean as first autonomous box ship enters service

Pan Ocean is to put South Korea’s first autonomous containership into a service connecting the ...

autonomous ships Pan Ocean South Korea

Mar 22, 2024• Comments•

News / Harim-JKL consortium named the preferred buyer of HMM

A consortium of South Korean poultry processor Harim Group and private equity firm JKL Partners ...

Dongwon Group Harim Group HMM Pan Ocean Takeover Talk

Dec 18, 2023• Comments•

News / HMM: no sale if the right buyer can't be found, says KDB chief

Korea Development Bank (KDB) chairman Kang Seog-hoon said yesterday that HMM would not be sold ...

Asiana Airlines HMM Korea Development Bank (KDB) Korean Air Lines Pan Ocean

Oct 25, 2023• Comments•

News / Pan Ocean sells Hanjin KAL shares to build war chest for HMM bid

South Korean shipping group Pan Ocean has sold its 5.8% stake in Hanjin KAL, the ...

Asiana HMM Korea Korean Air Lines Pan Ocean

Oct 18, 2023• Comments•

COMPANY NOTICES

News / South Korean industry groups slam Hapag-Lloyd bid for HMM

The Federation of Korea Maritime Industries (FKMI) and the Busan Port Development Association (BPDA) have ...

Busan Port Development Association Dongwon Group Federation of Korea Maritime Industries Global Sae-A Hapag Lloyd Hapag-Lloyd Harim Group HMM LX Pantos Pan Ocean Samra Midas Group SM Line

Aug 24, 2023• Comments•

News / Pan Ocean parent Harim partners with PE firm in bid for HMM

South Korean agri-food business Harim Group, the largest shareholder of shipping company Pan Ocean, has ...

HMM Korea Development Bank Korea Ocean Business Corporation (KOBC) M&A activity Pan Ocean Samra Midas SM Line

Jul 25, 2023• Comments•

News / Regional growth powered strong 2022 earnings for intra-Asia carriers

Intra-Asia carriers generally did better last year than in 2021, as cargo volumes and revenue ...

China Merchants Energy Shipping Feeder operators Heung-A Korea Marine Transport Company (KMTC Line) Namsung Shipping Ningbo Ocean Shipping Company Pan Ocean Sinokor Merchant Marine SITC Container Lines South Korea

Jun 5, 2023• Comments•

News / China's extended military drills and invasion threat dampens Taiwan trade

China’s ‘war games’ in the Taiwan Strait will affect South Korea’s trade with Taiwan, says the ...

Asiana Airlines HMM Korea International Trade Association Korea Marine Transport Company (KMTC Line) Korean Air Lines Pan Ocean SM Line

Aug 8, 2022• Comments•

News / Pan Ocean orders first pair of feeders to be built by Daehan Shipbuilding

Pan Ocean ordered two 1,000 teu ships from Daehan Shipbuilding on Friday, with options for ...

Daehan Shipbuilding Pan Ocean

Oct 11, 2021• Comments•

Most read news

News / South Korea amends Shipping Act, but too late to avert heavy fines on carriers

South Korea has amended its Shipping Act to protect its shipping industry from falling foul ...

COSCO Shipping Lines HMM Korea Fair Trade Commission Korea Shipowners' Association Korea Shipping Association Maersk Line Ministry of Oceans and Fisheries (MOF) Pan Ocean Sinokor Merchant Marine SITC Container Lines SM Merchant Marine

Oct 7, 2021• Comments•

Premium / Snapshot: HMM’s largest shareholder, KDB, confirms stake is for sale

Comment: KDB’s 24% stake in HMM is officially on the block.

HMM Korea Development Bank Pan Ocean POSCO Snapshot STX Offshore & Shipbuilding Takeover Talk

Sep 15, 2021• Comments•

News / Huge fines for alleged intra-Asia shipping rate price-fixing incurs Beijing’s wrath

The Chinese government has protested to its South Korean counterpart over the imposition of hefty ...

HMM Korea Fair Trade Commission (KFTC) Korea Shipowners' Association Korea Shipping Association Ministry of Oceans and Fisheries (MOF) Pan Ocean Price-fixing Sinokor Merchant Marine SM Merchant Marine

Jul 19, 2021• Comments•

Topics

Cosco Shipping Evergreen Marine Corporation HMM Korea Fair Trade Commission (KFTC) Korea Marine Transport Company (KMTC Line) Maersk Line Pan Ocean Sinokor Merchant Marine SITC Container Lines SM Line Wan Hai Lines Yang Ming Marine Transport Korea International Trade Association (KITA) Korea Shipowners' Association Namsung Shipping autonomous ships South Korea Dongwon Group Harim Group Takeover Talk Asiana Airlines Korea Development Bank (KDB) Korean Air Lines Asiana Korea Busan Port Development Association Federation of Korea Maritime Industries Global Sae-A Hapag Lloyd Hapag-Lloyd LX Pantos Samra Midas Group Korea Development Bank Korea Ocean Business Corporation (KOBC) M&A activity Samra Midas China Merchants Energy Shipping Feeder operators Heung-A Ningbo Ocean Shipping Company Korea International Trade Association Daehan Shipbuilding COSCO Shipping Lines Korea Fair Trade Commission Korea Shipping Association Ministry of Oceans and Fisheries (MOF) SM Merchant Marine POSCO Snapshot STX Offshore & Shipbuilding Price-fixing