Korean Shipping Industry Faces Challenges: Acquisition of Mega Container Vessels Becomes Key

Korean Shipping Industry Faces Challenges: Acquisition of Mega Container Vessels Becomes Key

The South Korean shipping industry is facing immense competitive pressure, with two major shipping companies urgently needing to procure ultra-large container ships to enhance their market competitiveness. Currently, the industry is suffering from severe overcapacity, and declining freight rates are impacting the profitability of shipping firms. Furthermore, officials do not support the merger of the two companies, emphasizing the need for voluntary principles to ensure market diversity and stability.

07/21/2025 Logistics Industry Insights
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Choosing Shipping Companies and Considerations in Bill of Lading Processing on Southeast Asia Routes

Choosing Shipping Companies and Considerations in Bill of Lading Processing on Southeast Asia Routes

This article discusses the requirements of different shipping companies in the Southeast Asia routes regarding bill of lading processing. It highlights that most shipping companies allow handling according to the actual cargo, reducing the demand for container seal numbers and gross weight. It also emphasizes the importance of confirming the bill of lading processing method with the shipping company before operations to effectively address the complexities in freight forwarding business.

07/18/2025 Logistics Encyclopedia
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Singapores Ship Registry Hits 100 Million Gross Tonnage Milestone

Singapores Ship Registry Hits 100 Million Gross Tonnage Milestone

Singapore's ship registry has surpassed 100 million gross tons, solidifying its position as an international maritime center. By attracting global shipping players and embracing green technologies, Singapore is committed to building a more competitive and sustainable maritime hub, injecting new vitality into the global shipping industry. The milestone underscores Singapore's dedication to innovation and environmental responsibility within the maritime sector, positioning it as a leader in shaping the future of shipping.

01/16/2026 Logistics
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Guide to Canadas Maritime Trade and Port Operations

Guide to Canadas Maritime Trade and Port Operations

This article provides a detailed guide on using Canadian marine shipping inquiry websites for port information lookup, vessel tracking, shipping schedule retrieval, freight rate comparison, and cargo tracking. Mastering these techniques can help shippers and logistics companies better manage international trade transportation, reduce costs, and improve efficiency. It covers essential aspects of navigating these websites to obtain real-time data and optimize shipping operations within the Canadian maritime landscape.

01/26/2026 Port Encyclopedia
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Panama Canal Rivals Suez in Asiaamerica Trade Shift

Panama Canal Rivals Suez in Asiaamerica Trade Shift

The expanded Panama Canal is surpassing the Suez Canal as the preferred route for Asia-America trade. This shift is driven by shipping alliances' route choices, the Panama Canal's inherent advantages, and proactive responses from US East Coast ports. However, smaller ports face challenges, and the shipping industry's centralization intensifies. Competition between the Panama and Suez Canals will persist, requiring shipping companies to be adaptable and embrace change.

01/28/2026 Logistics
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US Ocean Freight Guide Streamlines Customs Clearance Costs

US Ocean Freight Guide Streamlines Customs Clearance Costs

This article provides an in-depth analysis of the US shipping process, offering practical guidance on customs clearance, consolidation services, logistics management, document preparation, and payment methods. It aims to help you make informed choices, reduce costs, and efficiently clear customs, enabling you to navigate US shipping with ease. Learn how to optimize your shipping strategy for a smoother and more cost-effective experience when importing goods to the United States.

02/05/2026 Logistics Encyclopedia
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BDO Unibank Explains SWIFT Codes for Global Transfers

BDO Unibank Explains SWIFT Codes for Global Transfers

This article provides a detailed overview of the SWIFT code for BDO Unibank in the Philippines. It covers the application scenarios of the main code, BNORPHMMXXX, the use of branch codes, the information required for cross-border remittances, and tips to avoid delays. The aim is to assist readers in making efficient and accurate international money transfers to and from BDO Unibank. It offers practical guidance for navigating the complexities of SWIFT codes and ensuring smooth transactions.

09/01/2025 International Settlement
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Ecommerce Sellers Adapt to Tiktok Shop in Southeast Asia

Ecommerce Sellers Adapt to Tiktok Shop in Southeast Asia

This article provides a detailed introduction to opening a TikTok Shop in Southeast Asia, comparing the advantages and disadvantages of local and cross-border stores, and offering practical operational advice. It helps sellers understand how to open stores in markets such as Malaysia, Philippines, Thailand, Vietnam, Singapore, and Indonesia, and choose the most suitable store type for them to tap into the Southeast Asian market. It covers the opening process, store type comparison, and operational strategies for success.

12/31/2025 Logistics Encyclopedia
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