Dong Young Shipping

Incheon collaborates with carriers offering Seoul shippers ad hoc sailings

South Korea’s Incheon Port Authority (IPA) has worked with compatriot intra-Asia carriers Sinokor Merchant Marine and Dong Young Shipping to offer extra loader sailings to South-east Asia for shippers exporting from the Seoul area.
The first sailing, on 2 December, saw Sinokor deploy the 1,500 teu Fortune Trader to Singapore, Jakarta, Hai Phong, Incheon and Busan, while Dong Young, a subsidiary of Namsung Shipping, deployed the 1,000 teu Pegasus Pacer to Hai …

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https://theloadstar.com/incheon-collaborates-with-carriers-offering-seoul-shippers-ad-hoc-sailings/

Dong Young jumps into Russian Far East route

South Korean feeder operator Dong Young Shipping has launched a new service, connecting South Korea with Russia, on 14 June.

Dong Young will be the sole operator of the new product and has deployed one container vessel, the 700TEU Pegasus Pacer, to the shuttle service between Busan and Vladivostok.

“In line with the company’s principle that Namsung specialises in south-bound shipments and Dong Young focuses on north-bound shipments, it was decided that only Dong Young will operate the South...

https://container-news.com/dong-young-jumps-into-russian-far-east-route/

Korean feeders in profit frenzy

All 12 privately owned South Korean feeder operators had a profitable 2020 as the year saw a remarkable recovery in demand for intra-Asia shipping.

Korea Marine Transport Company (KMTC Line) continued to lead the pack, with revenue of KRW1.89 trillion (US$1.73 billion), up 3% year-on-year, while net profit soared 321% to KRW154.38 billion (US$142.02 million).

Higher freight rates on services between South Korea and the Persian Gulf, Southeast Asia and India was the main reason for the substantial...

https://container-news.com/korean-feeders-in-profit-frenzy/

KMTC Line maintains leading role among South Korean feeder operators

Korea Marine Transport Company (KMTC Line) has retained its crown as the best performing South Korean feeder operator in terms of earnings.

All 12 privately owned South Korean feeder operators have released their 2019 results as required by law for companies with assets exceeding KRW12 billion (US$9.67 million).

In 2019, KMTC Line reported revenue of KRW1.84 trillion (US$1.59 billion), up 13.5% year-on-year, while net profits more than doubled to KRW36.66 billion (US$31.71 million). The company...

https://container-news.com/kmtc-line-maintains-leading-role-among-south-korean-feeder-operators/