Korea's cargo truckers decide to end strike
[Yonhap] The Cargo Truckers Solidarity voted to end their strike Friday. The plenary vote that began at 9 a.m. Friday in 16 locations...
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liam
Dec 14, 20221 min read
Container market collapse sees first ships heading for scrap
The container market collapse is in full view with ships heading for scrap and other vessels taking the long way back to Asia via the...
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liam
Dec 8, 20221 min read
Korean cargo union losing as radical tactics backfire, alienate public
[YONHAPNEWS] Labor is buckling under government pressure, with workers and unions declining to follow efforts by militant organizers to...
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liam
Dec 8, 20221 min read
South Korea strike mayhem sees no end
[News1] Bargaining between the South Korean government and truck drivers has failed to provide a deal to end strikes. A first round of...
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liam
Dec 1, 20221 min read
South Korea adopts cross-border paperless trade agreement
On the 28th of November 2022, the Republic of Korea deposited the instrument of accession to the Framework Agreement on Facilitation of...
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liam
Dec 1, 20221 min read
Warning of container shipping rate war ahead
Container shipping could be headed into a prolonged rate war as cash rich carriers battle falling demand and a sharp increase in supply....
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liam
Dec 1, 20221 min read
Korean government issues executive order against striking truckers as crisis bites
Lee Bong-joo, leader of the Cargo Truckers Solidarity Union [Yonhap] The Korean government on Tuesday ordered some 2,500 cement cargo...
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liam
Nov 23, 20221 min read
Intensifying Conflict Between the Government and the Cargo Union
[KBS News] President Yoon Suk-yeol ordered a “strong response” to any illegal activities during a truckers strike that could begin...
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liam
Nov 23, 20221 min read
US inbound containers drop 9.4% in October
Inbound volumes of 1.9m teu were the lowest since February 2021, according to analysis from the McCown Report. Highlighting a difference...
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liam
Nov 18, 20221 min read
6 digit HS codes are now mandatory for all Maersk global shipments.
There is an update from Maersk that from January 15, 2023 the 6-digit HS code is required for all Maersk global shipments. The policy...
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liam
Nov 16, 20221 min read
Ocean carriers up blank sailings to brace for softening October demand
carriers attempting soft landings for ocean freight with blank sailing This year, carriers are planning to reduce capacity for the Asia...
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liam
Nov 16, 20221 min read
Cargo Truckers to Go on Strike over Minimum Pay System
Unionized cargo truck drivers of Korea have threatened to go on a general strike from November 24 as they continue to demand minimum pay...
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liam
Nov 9, 20221 min read
DSME unveils its own gas fuel tank
The Koreans have developed their own LNG fuel containment system with a units installed on a giant boxship and two tankers to date....
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liam
Nov 9, 20221 min read
China’s exports unexpectedly shrink in October, badly missing expectations for growth
China's exports unexpectedly fell in October, with a drop in the value of goods sold to the U.S. and EU despite a stronger US dollar. In...
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liam
Nov 3, 20221 min read
Russia suspends Black Sea Grain Initiative participation
Russia has suspended its involvement in the Black Sea Graine Initiative. The grain prices are expected to fluctuate. For more details,...
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Mark Kim
Oct 26, 20221 min read
Inactive boxship levels hit two-year high
Inactive tonnage as a percentage of the overall container fleet is now at its highest level in two years, according to Alphaliner, the...
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