South Korea’s flagship carrier HMM has backed out of the Korea-Thailand Express (KTX) service which it was codesharing with its compatriot regional carrier Korea Marine Transport Company (KMTC Line).
Primarily an ocean-going shipping company, HMM has announced that it will open an intra-Asia cross network (ICN) service, an independent pendulum (clockwise) route within Asia.
Six 1,700 TEU ships operating on the three existing routes will be converted to the new route to connect Korea, China,...
South Korean feeder operators Korea Marine Transport Company (KMTC Line) and Namsung Shipping have restructured their services that connect South Korea and China and minor Japanese ports.
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https://container-news.com/kmtc-and-namsung-shuffle-north-asia-services/
Singapore-based feeder operator X-Press Feeders is improving its connections between the Straits of Singapore, Vietnam, China and South Korea in collaboration with Regional Container Lines (RCL) and Korea Marine Transport Company (KMTC Line).
Each of the three carriers will deploy an owned ship to a China – Straits – South Korea service, which is being marketed as North China X-Press. SITC Container Lines and Gold Star Line are purchasing slots on the service.
The weekly service loop will be...
https://container-news.com/x-press-feeders-joins-rcl-and-kmtc-in-new-straits-service/
South Korea’s Ministry of Oceans and Fisheries announced on 30 December that it has asked local liner operators to deploy more ships to North Europe and East Asia-Southeast Asia services.
The minister, Moon Seong-hyeok, said that the well-documented Transpacific capacity crunch is spreading to these in-demand routes, necessitating pre-emptive measures.
Capacity is so tight that on 31 December, South Korea’s largest mainline operator, HMM, is deploying a 1,400TEU multi-purpose vessel to carry...
https://container-news.com/seoul-wants-more-north-europe-and-se-asia-capacity/
South Korean feeder operator Korea Marine Transport Company (KMTC Line) and the state-backed finance institution Korea Ocean Business Corporation (KOBC) have jointly launched a container facility in Malaysia’s Port Klang.
The KRW700 million (US$630,000) joint venture, KM Cargo Services, is tapping growing cargoes within Southeast Asia.
KMTC Line and KOBC hold respective stakes of 60% and 40% in KM Cargo Services, whose facility is based in the Port Klang’s Northports terminal.
Port Klang is a...
https://container-news.com/kmtc-line-and-kobc-launch-port-klang-facility/
Korea Marine Transport Company (KMTC Line) has yielded to government calls for liner operators to provide more shipping capacity.
The South Korean feeder operator is deploying additional vessels to its intra-Asia services to meet demand from compatriot South Korean shippers.
KMTC Line announced on 16 November 2020 that the previous day, the 2,800TEU KMTC Xiamen had set out from Busan, bound for Malaysia.
On 17 December the 2,800TEU KMTC Penang, currently deployed on the China-Taiwan-Japan service,...
https://container-news.com/kmtc-line-answers-seouls-capacity-call/
Feeling bullish about market conditions, Taiwanese intra-Asia shipping specialist TS Lines is increasing capacity on new and existing services.
TS Lines will operate the China India West Coast X-Press (CWX) service with Korea Marine Transport Company (KMTC) and Singapore’s X-Press Feeders.
Beginning 26 October, six ships will operate the CWX service with capacities ranging from 4,200 to 5,000TEU, with X-Press Feeders deploying four ships and KMTC and TS Lines each contributing one vessel.
The...
https://container-news.com/ts-lines-revamps-asia-and-australia-services/
Namsung Shipping has launched the first container ships that were built with subsidies from the South Korean government.
The 1,000TEU pair were christened Star Frontier and Star Explorer in a ceremony at Dae Sun Shipbuilding & Engineering’s shipyard on 3 June 2020. The latter vessel will be deployed to Namsung’s Busan-Incheon-Hai Phong and semi-linked Incheon-Hai Phong services, which the company runs jointly with Heung-A Line and Korea Marine Transport Company. Plans for the other ship have not...
https://container-news.com/south-koreas-first-state-subsidised-containerships-launched/
Korea Shipping Partnership (KSP), a quasi-alliance of South Korea’s liner and feeder operators, are seeking arbitration with regard to Busan Port Authority’s request that the carriers bear additional costs of KRW4.6 billion (US$3.76 million) for operating the multi-purpose terminal in Busan New Port for the past year.
KSP said on 1 June 2020 that it had requested mediation from the Korea Commercial Arbitration Board.
While additional equipment was installed at the terminal, cargo volumes were...
https://container-news.com/south-korean-liner-alliance-in-dispute-with-busan-port-authority/
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/