Namsung Shipping

S. Korean lines jointly commission three box ships

South Korean feeder operators Namsung Shipping, its subsidiary Dong Young Shipping, as well as Dongjin Shipping, are jointly ordering three 1,600TEU ships from Hyundai Mipo Dockyard.

Both sides came together as the shipbuilder offered a bulk discount for ordering a few vessels. Delivery of the ships, priced at US$25 million each, is expected in H2 2023. Dongjin expects to take delivery of one ship in September 2023, while Namsung and Dong Young will take delivery of the other two ships in...

https://container-news.com/s-korean-lines-jointly-commission-three-box-ships/

Namsung adds ‘extra loader’ on Vietnam services

South Korean feeder operator Namsung Shipping is deploying more ‘extra loader’ services on the southern China-Vietnam route, acceding to government requests to increase shipping capacity on intra-Asia services, in addition to Transpacific and Asia-Europe routes.

Namsung announced, on 16 January, that the 700TEU Pegasus Pacer will operate between southern China and Hai Phong, while on 18 January, the 1,800TEU Starship Leo, will be assigned to a southern China to Ho Chi Minh City service.

Pegasus...

https://container-news.com/namsung-adds-extra-loader-on-vietnam-services/

Interasia buys newbuilding resale pair

Japanese intra-Asia carrier Interasia Lines has purchased a pair of feeder ship newbuildings from a Chinese ship builder.

Purchased for US$34.5 million in August, the 1,730TEU vessels were originally ordered by German tonnage provider Reederei Nord at Zhejiang Ouhua Shipbuilding in 2014. When Zhejiang Ouhua went bankrupt in 2018, Zhoushan Changhong Shipbuilding took over construction of the vessels and the defunct shipyard’s remaining assets.

The ships were delivered to Interasia this month and...

https://container-news.com/interasia-buys-newbuilding-resale-pair/

Liner operators revamp South Korea-China-Japan service

South Korean feeder operators, Korea Marine Transport Company (KMTC Line), Namsung, Pan Continental (PanCon Line) and CK Line, will launch a joint South Korea-China-Japan service in order to improve service efficiency.

The four companies said on 19 August that they will launch their CJ1 service, connecting South Korea’s Busan with Japan’s eastern coast and northern China.

The service will combine PanCon Line’s existing CJ1 service with the New China-Setouchi (NCS) service that is jointly operated...

https://container-news.com/liner-operators-revamp-south-korea-china-japan-service/

CU Lines joins South Korea-Vietnam route shake up

China United Line (CU Lines), is launching a service between South Korea and South East Asia for the first time after purchasing slots on the Hai Phong Express (HPX) service operated by South Korean carriers HMM and CK Line.

Primarily active within Chinese domestic waters and the Taiwan Strait, CU Line’s major owner, with a 55% shareholding is Unitrans, a Chinese Government controlled company.

The new service will begin on 16 August. The HPX service calls at Incheon, Busan, Hong Kong, and Hai...

https://container-news.com/cu-lines-joins-south-korea-vietnam-route-shake-up/

Namsung orders 1,000TEU ships at Dae Sun

Namsung Shipping has ordered a pair of modern and efficient 1,000TEU container ships as the South Korean feeder operator continues to renew its fleet.

The company announced on 8 July 2020 that it signed a newbuilding contract with compatriot Dae Sun Shipbuilding & Engineering, a month after taking delivery of two similar vessels from the same shipbuilder.

The contract was signed by Namsung’s chairman Kim Young-chi, CEO Kim Yong-gyu, as well as Kwon Oh-kyu, president of the company’s in-house ship...

https://container-news.com/namsung-orders-1000teu-ships-at-dae-sun/

South Korea’s first state-subsidised containerships launched

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/

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/

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