Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.
July 19, 2016Business, Logistics
Hyundai Merchant to Join Maersk Alliance
Business, Logistics
Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
May 13, 2016Business, Logistics
Asia's Shipping Lines Are Facing More Mergers
Swim or sink: That’s the message shipping executives in Asia are taking into the new year.
January 4, 2016Business
Gridlock at West Coast Ports Boosts Airfreight
The shift of seaborne cargo to jets’ bellies shows how Asian airlines including ANA Holdings Inc. and Cathay Pacific Airways are benefiting from gridlock at ports in California and Washington state.
February 9, 2015