Sinokor Merchant Marine and its subsidiary Heung-A Line have extended their China – West India service to South Korea, in line with the South Korean government’s call to provide more capacity to South Korean shippers.
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Sinokor Merchant Marine and its subsidiary Heung-A Line will restructure their South Korea, Japan and Central China connections, with a restructuring of their service offering.
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A group of intra-Asia carriers is launching a joint service that links China, the Straits, Western India and Sri Lanka.
The weekly service will commence in mid-November and will be operated by Interasia Lines of Japan, Taiwan’s Wan Hai Lines, Singapore-based Feedertech and South Korea’s Sinokor Merchant Marine (including its subsidiary Heung-A Line).
The service loop is Dalian, Shanghai, Ningbo, Hong Kong, Shekou, Singapore, Port Klang, Colombo, Nhava Sheva, Mundra, Port Klang, Shekou and Dalian....
https://container-news.com/asian-operators-launch-north-china-western-india-service/
In another sign of growing intra-Asia container trades, South Korea’s Incheon port has a new link with South-East Asia, through a new services offering regional links.
Intense competition in the East Asia-South East Asia trades is growing, a point noted by South Korea’s Minister of Oceans and Fisheries Moon Seong-hyeok when he launched an enhanced five-year plan to revive the shipping industry on 12 August.
That competition has intensified with the launch by Heung-A of a new service connecting...
https://container-news.com/intense-intra-asia-competition-as-carriers-launch-more-se-asia-services/
Korea Shipping Partnership, a quasi-alliance of all 14 South Korean liner operators, has extended its term by a year, even as its three years of existence failed to improve earnings.
At a meeting between the liner operators and officials from the Ministry of Oceans and Fisheries (MOF) on 28 July, the group was, reportedly, unanimously against renewing the KSP, but MOF, wanted to give it another year.
Wishing to revive the South Korean maritime industry after Hanjin Shipping was declared bankrupt...
https://container-news.com/disappointing-south-korean-liner-alliance-reformed-for-another-year/
South Korean intra-Asia carrier Heung-A Line has reorganised its Japan-Pyeongtaek Express (JPX) service between South Korea and western Japan, as demand became sluggish amid the Covid-19 outbreak.
Originally, Heung-A Line’s service began from Pyeongtaek and Gwangyang ports in South Korea, calling at Gwangyang, but falling cargo volumes caused the company to move the South Korean leg to Busan North Port and Busan New Port.
Two ships, the 1,100TEU Methi Bhum and 900TEU Nawata Bhum, both chartered...
https://container-news.com/heung-a-reroutes-service-away-from-pyeongtaek-amid-sluggish-demand/
In the space of just 10 days, Guangzhou has been included in four intra-Asia container service routes, in a sign of growing volumes handled by the southern Chinese port.
Guangzhou Port Group has begun consolidating ports in Guangdong province as part of the government’s wider plan to create a “Greater Bay Area” (GBA). The latter strategy envisions an economic hub encompassing Hong Kong, Macau and 11 urban southern Chinese cities. The increased trade flows between the GBA and ASEAN have resulted...
https://container-news.com/more-intra-asia-loops-with-guangzhou-port/
South Korea has suddenly become the world’s second largest COVID-19 cluster, its liner operators and container port authorities have implemented contingency plans similar to their Chinese counterparts, in response including homeworking for staff and emphasising hygiene.
A spokesman for Hyundai Merchant Marine, South Korea’s foremost liner operator, told Container News the company has implemented work-from-home arrangements while arranging for other staff to be split between the main office and...
https://container-news.com/south-korean-operators-and-ports-execute-covid-19-contingency-plans/
The next round of rationalisation of South Korea’s container shipping sector is under way as carriers SinoKor Merchant Marine and Heung-A Shipping merge their box operations.
The move is part of the government-directed Korea Shipping Partnership, which the country’s maritime companies signed in the aftermath of the Hanjin bankruptcy.
The cooperation will reportedly begin today, with a full operational merger completed by October.
According to Alphaliner data, SinoKor is the world’s 23rd-largest...
https://theloadstar.com/south-korean-carriers-sinokor-and-heung-a-to-merge-container-operations/