Hyundai Merchant Marine Secures Logistics Base in Busan Port

Hyundai Merchant Marine Secures Logistics Base in Busan Port

In April, the government came up with a five-year plan to revitalize the shipping industry and make Korea a maritime powerhouse again. The Ministry of Maritime Affairs and Fisheries held a ceremony on May 15 to mark the …
May 17, 2018 /  Curious
Busan Port Endeavors to Attract T/S cargo from 3 Major Shipping Alliances

Busan Port Endeavors to Attract T/S cargo from 3 Major Shipping Alliances

Busan Port Authority (BPA) carried out marketing activities to attract T/S cargo from three global major shipping alliances through visiting their Asian Pacific regional headquarters. The three global alliances, 2M …
Apr 4, 2018 /  Curious
The Largest Vessel Enters Busan Port Since Its Opening

The Largest Vessel Enters Busan Port Since Its Opening

Busan Port Authority (BPA) stated that Saint Exupery (20,656TEU) of the world’s third-largest container liner, CMA-CGM, entered Busan New Port BNCT Terminal on the 6th. The ship was built in Subic Philippines, …
Feb 20, 2018 /  Vessels
Busan Port to become a maritime tourism - business hub by vitalizing cruise industry

Busan Port to become a maritime tourism - business hub by vitalizing cruise industry

Busan Port Authority (BPA, President WOO Ye-jong) stated that it aims to become a marine tourism & business hub this year through vitalizing the cruise business at Busan Port (see also CruiseMapper). Despite the …
Jan 29, 2018 /  Cruise
Hyundai Merchant Marine launches ‘-60ºC Ultra-Freezer’ Service

Hyundai Merchant Marine launches ‘-60ºC Ultra-Freezer’ Service

HMM proves its technical superiority through the ultra-freezer service HMM expects to improve profitability with 4~8 times higher freight rates of the high-value business. Hyundai Merchant Marine (HMM) announced …
Jan 25, 2018 /  Curious
South Korea’s SM Line to relocate headquarters to Busan in first half

South Korea’s SM Line to relocate headquarters to Busan in first half

South Korea’s container carrier SM Line Corporation will start work to relocate its headquarters office from Seoul to Busan during the first half of this year.  The decision comes after the Korean container …
Jan 24, 2018 /  Curious
Ukrainian Sea Ports Authority and Busan Port Authority (Korea) have agreed on bilateral cooperation

Ukrainian Sea Ports Authority and Busan Port Authority (Korea) have agreed on bilateral cooperation

On September 27, 2017, the representatives of the Ukrainian Sea Ports Authority (USPA), as part of the Ukrainian delegation to the Republic of Korea, visited the port of Busan and the Korea Maritime Institute …
Oct 2, 2017 /  Curious
Hyundai Merchant Marine’s cargo processing at Busan Port hit record

Hyundai Merchant Marine’s cargo processing at Busan Port hit record

HMM announced that its cargo processing at Busan Port, the largest sea gateway in Korea, has hit a new record. HMM handled 167,018 TEUs of cargo through the port in July, increased by 93 percent year-over-year. HMM has …
Aug 28, 2017 /  Curious
FESCO reduces transit time between Shanghai port and Vladivostok on FCDL to 3 days from 5 days

FESCO reduces transit time between Shanghai port and Vladivostok on FCDL to 3 days from 5 days

FESCO Transportation Group (FESCO) reduces transit time between the Far Eastern ports and the Chinese ports due to improvements in FESCO China Direct Line (FCDL) service. The port of Busan is excluded from the …
Apr 4, 2017 /  Vessels
Shrimp trawler LAVINNIY capsized and sank in Busan port, Korea

Shrimp trawler LAVINNIY capsized and sank in Busan port, Korea

Shrimp trawler Lavinniy capsized and sank in Busan port, Korea, on Tuesday morning (Jun21). Korean workers were carrying out repairs the day before, and reportedly, cut off a pipe in engine room, with following …
Jun 22, 2016 /  Accidents