KSP

Post-Hanjin Evolution Step forward with the formation of the K-Alliance

The post-Hanjin evolution of South Korea’s shipping industry took another step forward last month with the formation of the K-Alliance, says an article published in the losdstar.

Competitiveness in South-east Asia

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...

https://mfame.guru/post-hanjin-evolution-step-forward-with-the-formation-of-the-k-alliance/

Disappointing South Korean liner alliance reformed for another year

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 liner alliance in dispute with Busan Port Authority

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/