SinoKor

Distancing emphasised between Heung-A Line and troubled former parent

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/

More intra-Asia loops with Guangzhou port

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/

South Korean operators and ports execute COVID-19 contingency plans

South Korea has suddenly become the world’s second largest COVID-19 cluster, its liner operators and container port authorities have implemented contingency plans similar to their Chinese counterparts, in response including homeworking for staff and emphasising hygiene.

A spokesman for Hyundai Merchant Marine, South Korea’s foremost liner operator, told Container News the company has implemented work-from-home arrangements while arranging for other staff to be split between the main office and...

https://container-news.com/south-korean-operators-and-ports-execute-covid-19-contingency-plans/

South Korean carriers SinoKor and Heung-A to merge container operations

The next round of rationalisation of South Korea’s container shipping sector is under way as carriers SinoKor Merchant Marine and Heung-A Shipping merge their box operations.
The move is part of the government-directed Korea Shipping Partnership, which the country’s maritime companies signed in the aftermath of the Hanjin bankruptcy.
The cooperation will reportedly begin today, with a full operational merger completed by October.
According to Alphaliner data, SinoKor is the world’s 23rd-largest...

https://theloadstar.com/south-korean-carriers-sinokor-and-heung-a-to-merge-container-operations/

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