A feeder ship owned by South Korean operator Sinokor has been sold for what was described as a “bullish” scrap price, as cash buyers bet on a revival of ship demolition in Bangladesh, says an article published on the loadstar.
State-controlled banksThe 1997-built 1,608 teu Xiumei Shanghai, chartered to Sinokor subsidiary Heung-A Line, was sold for $4.66m.
Major cash buyer Global Marketing Systems noted that the previously subdued Bangladeshi ship recycling...
Malaysian police found a dead body in a 40-foot container at Penang port, sent from Chittagong port, on Saturday 15 October.
Police discovered the decomposed body, while the port officials were shifting the box to a depot.
The container was sent to the Malaysian port from BM Container Depot in Chittagong where a fire broke out on 4 June and chemical blasts killed 49 people and injured hundreds.
The local agent of the vessel carrying the container, Swasdee Atlantic, operated by Sinokor Merchant...
https://container-news.com/body-found-in-container-in-malaysian-port/
One of Sinokor Merchant Marine’s container ships, the 1,050 TEU Niigata Trader, apparently leaked 1.6 kilolitres of marine fuel into the waters around South Korea’s Yeosu port yesterday, after its fuel tank was damaged while it underwent repairs.
The ship, which plied the South Korea-China-Hong Kong-Vietnam route, arrived at repair yard Yosu Ocean on 19 September.
The Korea Coast Guard issued a statement saying it was investigating a 9,000 GT Panama-flagged container ship that leaked marine fuel...
https://container-news.com/oil-leaks-from-sinokor-boxship-in-south-korea/
Leakage of hazardous chemicals has reportedly happened on one of Sinokor Merchant Marine’s ships in South Korea.
Korea Coast Guard said that around 3.56 am local time on 15 February, it was alerted to the leakage of ethylidene norbornene from a damaged container into the ship on which it was loaded in Gwangyang Port. At the time, containers were being loaded onto the ship at berth 15 in Gwangyang Container Terminal.
The coast guard said that while attempting to move the affected container, the...
https://container-news.com/chemical-leak-from-container-on-sinokor-ship/
South Korean feeder operator Sinokor Merchant Marine and its subsidiary Heung-A Line will streamline their South Korea-Japan and South Korea-China services, to cut service duplication.
The two companies each run an independent South Korea-South China service, which will be replaced by a joint service.
Heung-A will cease its independent SCS service while Sinokor will end its joint NSC service with Pan Ocean. The services will be replaced by a new service called SCX, which will be jointly operated...
https://container-news.com/sinokor-heung-a-rationalise-east-asia-services/
South Korea’s Sinokor Merchant Marine Company Ltd. has announced the acquisition of 1,700 new refrigerated containers from Carrier Transicold PrimeLINE units.
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https://container-news.com/sinokor-adds-1700-carrier-transicold-reefer-boxes/
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 carriers Korea Marine Transport Company (KMTC), Namsung Shipping and CK Line have enhanced their South Korea-China-Japan services to capture more cargo volumes from western and southern Japan.
The trio, which already operate one New China-Setouchi (NCS) service, will launch a supplementary NCS2 service. The original NCS service began in June 2019, deploying two 700TEU ships on the Busan-Shanghai-Ningbo-Moji-Iyomishima-Mizushima-Moji-Hakata-Busan-Ulsan loop.
The carriers...
https://container-news.com/south-korean-liner-trio-develop-japan-coverage/
The Korea Shipowners’ Association has issued a statement to reassure the market that Heung-A Shipping’s debt restructuring has nothing to do with the liner operator Heung-A Line.
In December 2019, the ailing Heung-A Shipping sold its container liner operations to compatriot peer Sinokor Merchant Marine, whose CEO, Chung Tae-soon, is also the current chairman of the Korea Shipowners’ Association. Heung-A Line operates ships aggregating 31,282TEU, including nine owned vessels.
Selling off the...
https://container-news.com/distancing-emphasised-between-heung-a-line-and-troubled-former-parent/
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/