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•

SITC Container Lines Headlines

News / Container lines still ordering more ships, despite falling spot rates

Liner operators and non-operating shipowners have continued to add to their already swollen orderbooks, despite ...

CMA CGM Newbuildings Playing the asset game SITC Container Lines TMS Dry Zim Line

Jan 24, 2025• Comments•

News / Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet

Newbuilding activity has continued unabated, as liner operators compete for market share ahead of the ...

Cosco Hapag-Lloyd Maersk Line Newbuildings OOCL Pacific International Lines SITC Container Lines Wan Hai Lines

Oct 31, 2024• Comments•

News / SITC boosts order for more feeder vessels as tonnage becomes scarce

Intra-Asia carrier SITC has ordered six 1,800 teu feeder vessels from Huanghai Shipbuilding in China. The ...

Dae Sun Shipbuilding & Engineering Huanghai Shipbuilding Co SITC Container Lines

Oct 30, 2024• 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 / SITC targets Asia’s e-commerce market with express service launch

Hong Kong-based intra-Asia carrier SITC Container Lines claims the launch of its e-commerce express service ...

SITC Container Lines the ecommerce equation Xiamen Port Holding Group

Jun 23, 2022• Comments•

COMPANY NOTICES

News / Schoeller Holdings sells its boxship fleet in leaseback deal

Schoeller Holdings has sold its 17 containerships to China Development Bank Financial Leasing in a ...

China Development Bank Financial Leasing Cosco MSC New Golden Sea Shipping Schoeller Holdings SITC Container Lines TS Lines Yang Ming

Dec 21, 2021• Comments•

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•

News / SITC continues fleet expansion programme as first-half profits triple

With its profits having tripled, SITC International said it would continue to acquire second-hand ships ...

Dae Sun Shipbuilding & Engineering SITC Container Lines SITC International Soki Kisen Yangzijiang Shipbuilding

Aug 19, 2021• Comments•

News / Supercharged charter rates lure Chinese entrepreneurs into buying ships

A number of Chinese companies have been incorporated especially to take advantage of soaring hire ...

Amann Shipping Group BIMCO Dongchen Line Fesco Goship Group Hai An Transport & Stevedoring Hong Kong Companies Registry Multimax Shipping Shanghai Aoyang Shipping Service Shanghai Jinjiang Shipping Shoei Kisen Kaisha SITC Container Lines VBS Group Wan Hai Lines X-Press Feeders Yongwang Shipping

Aug 17, 2021• Comments•

News / Box ship orderbook grows fatter, with Evergreen and SITC needing more capacity

The global containership orderbook continues to expand: on Friday, both Taiwanese liner operator Evergreen and ...

China State Shipbuilding Corporation (CSSC) Dae Sun Shipbuilding & Engineering Evergreen Marine Corp Hudong-Zhonghua Shipbuilding Hyundai Mipo Dockyard Jiangnan Shipyard Samsung Heavy Industries SITC Container Lines SITC International

Jun 21, 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 CMA CGM Newbuildings Playing the asset game TMS Dry Zim Line Cosco Hapag-Lloyd OOCL Pacific International Lines Dae Sun Shipbuilding & Engineering Huanghai Shipbuilding Co China Merchants Energy Shipping Feeder operators Heung-A Namsung Shipping Ningbo Ocean Shipping Company South Korea the ecommerce equation Xiamen Port Holding Group China Development Bank Financial Leasing MSC New Golden Sea Shipping Schoeller Holdings TS Lines Yang Ming COSCO Shipping Lines Korea Fair Trade Commission Korea Shipowners' Association Korea Shipping Association Ministry of Oceans and Fisheries (MOF) SM Merchant Marine SITC International Soki Kisen Yangzijiang Shipbuilding Amann Shipping Group BIMCO Dongchen Line Fesco Goship Group Hai An Transport & Stevedoring Hong Kong Companies Registry Multimax Shipping Shanghai Aoyang Shipping Service Shanghai Jinjiang Shipping Shoei Kisen Kaisha VBS Group X-Press Feeders Yongwang Shipping China State Shipbuilding Corporation (CSSC) Evergreen Marine Corp Hudong-Zhonghua Shipbuilding Hyundai Mipo Dockyard Jiangnan Shipyard Samsung Heavy Industries

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

SITC Container Lines Headlines

News / Container lines still ordering more ships, despite falling spot rates

News / Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet

News / SITC boosts order for more feeder vessels as tonnage becomes scarce

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

News / SITC targets Asia’s e-commerce market with express service launch

COMPANY NOTICES

News / Schoeller Holdings sells its boxship fleet in leaseback deal

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

News / SITC continues fleet expansion programme as first-half profits triple

News / Supercharged charter rates lure Chinese entrepreneurs into buying ships

News / Box ship orderbook grows fatter, with Evergreen and SITC needing more capacity

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