Korea Joongang Daily
Korea JoongAng Daily

Shipping sector sales surpass 250 trillion won in 2024 on increased cargo, transport fees

Sales of Korea's transport industry rose to above 250 trillion won ($171.1 billion) last year, mainly due to an increase in cargo shipping rates, data showed Thursday.

2025-12-11

Container shipping costs to major export destinations dip in October

Container shipping costs from Korea to major economies, including the United States, the EU and China, dropped from a month earlier in October, the customs agency said Monday, amid trade uncertainties largely stemming from U.S. tariff policies.

2025-11-17

HMM's operating profit plunges almost 80% on year in Q3

HMM’s operating profit plunged nearly 80 percent in this year’s third quarter compared to a year earlier due to decreased shipping rates and increased U.S. tariffs.

2025-11-13

China to suspend sanctions on Hanwha Ocean's U.S. subsidiaries

China will suspend sanctions on five U.S.-based subsidiaries of Hanwha Ocean for one year as part of a de-escalation agreement in the U.S.-China trade war.

2025-11-10

Container shipping costs to U.S. decline for 3rd straight month in Sept.

Container shipping costs from Korea to the United States fell for the third straight month in September, largely due to a decrease in trade volume influenced by U.S. tariff policies, the customs agency said Wednesday.

2025-10-15

Korea looks to add Arctic shipping routes amid global rush to the North

Korea is accelerating efforts to join the Arctic shipping race, betting that shorter routes to Europe could cut costs and ease pressure on traditional trade lanes. Sanctions, environmental issues and geopolitical tensions may complicate the payoff.

2025-09-22

For Eythos, Frieze proves art fair logistics is an art form all its own

Art handling firm Eythos, behind the logistics for Frieze Seoul, seeks to modernize the industry with enhanced transparency and efficiency — and a true respect for the art under its care.

2025-09-11

Container shipping costs to U.S. decline in July amid trade slowdown

Container shipping costs from Korea to the United States declined last month, largely due to a decrease in trade volume influenced by U.S. tariff policies, the Korea Customs Service said on Monday.

2025-08-18

Philly Shipyard gets 1st LNG order from Hanwha Shipping

Philly Shipyard, a U.S. shipbuilder owned by Hanwha Ocean, has received its first-ever order for a liquefied natural gas (LNG) carrier from Hanwha Shipping, a shipping affiliate of Hanwha Group.

2025-07-22

Kakao to separate shipping fees from Gift prices after 'free' deemed unfair

Kakao will soon list shipping fees on its KakaoTalk Gift service, breaking from its policy of offering "free shipping" — a system regulators say unfairly padded the platform’s profits while hitting retailers with inflated commission fees.

2025-07-21