Korea Shipping Partnership

South Korean container lines set to launch K-Alliance on Asia trades

The post-Hanjin evolution of South Korea’s shipping industry took another step forward last month with the formation of the K-Alliance.
Comprising HMM, SM Line, Pan Ocean and recently merged Sinokor Merchant Marine and Heung-A Line, the alliance will strengthen the carriers’ competitiveness in South-east Asia, according to Korea’s ministry of oceans and fisheries (MOF).
It said the alliance represented about 40% of Korea’s annual container volumes of 480,000 teu with the region, …

The post South...

https://theloadstar.com/south-korean-container-lines-set-to-launch-k-alliance-on-asia-trades/

Busan Port considers volume-linked terminal rentals

Busan Port Authority (BPA), aware of the challenges facing liner operators, could offer volume-linked rental rates to terminal operators from 2022, ahead of the opening of the opening of Phases 2-5 and 2-4 of Busan New Port (BNP).

Currently, a fixed rent is paid based on the area of ​​the wharf, regardless of the amount of loading and unloading.

The volume-linked rental system could reduce the terminal operators’ financial burdens and discourage them from engaging in a price war by cutting fees.

Th...

https://container-news.com/busan-port-considers-volume-linked-terminal-rentals/

HMM move will reshape the shipping alliance landscape again

The incorporation of South Korean carrier HMM into THE Alliance from April next year will see the alliance arena change once more. 
According to Alphaliner, HMM’s participation in THE Alliance will add some 519,000 teu of capacity, boosting the vessel–sharing group’s global market share from 25% to 30%, almost matching the 2M and closing the gap on the Ocean Alliance’s just–shy–of-40% dominance. 
The consultant said that although alliance members Hapag-Lloyd, ONE and Yang Ming were yet to...

https://theloadstar.com/hmm-move-will-reshape-the-shipping-alliance-landscape-again/