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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Port Congestion A New Round of Challenges in Supply and Demand Conflicts

Port Congestion A New Round of Challenges in Supply and Demand Conflicts

Despite declining revenues in the shipping market, port congestion remains a persistent issue that is not easily alleviated. Data indicates that a significant number of bulk carriers and container ships continue to wait for loading and unloading, impacting global freight. The congestion problems in the U.S. and Europe have worsened due to the pandemic, economic fluctuations, and labor shortages, serving as a crucial barometer for macroeconomic and geopolitical conditions.

07/24/2025 Logistics Industry Insights
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Hapaglloyd Enforces Stricter Indonesia Cargo Rules Warns of HS Code Fines

Hapaglloyd Enforces Stricter Indonesia Cargo Rules Warns of HS Code Fines

Hapag-Lloyd tightens Indonesia freight regulations, mandating accurate 6-digit HS codes on all bookings and shipping instructions. Mismatched codes will incur a IDR 400,000 amendment fee per document. Dangerous goods misdeclaration penalties can reach $15,000 per container. Verify HS codes meticulously, enhance internal training, and stay updated to avoid unnecessary costs and delays. This new regulation emphasizes the importance of accurate documentation and compliance for shipments to Indonesia.

02/11/2026 Logistics
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Costsaving Strategies for Small LCL Shipping

Costsaving Strategies for Small LCL Shipping

This article delves into the "minimum charge" rule in LCL (Less than Container Load) shipping. It provides a detailed analysis of the billing method for shipments less than one cubic meter and offers practical strategies to avoid cost traps. These strategies include paying attention to fixed surcharges, comparing international express delivery, and consolidating shipments. The aim is to help shippers optimize logistics costs for small-volume ocean freight.

02/12/2026 Logistics Encyclopedia
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Storm Disrupts Supply Chains at West Mediterranean Ports

Storm Disrupts Supply Chains at West Mediterranean Ports

Atlantic storms are disrupting container hub operations in the Western Mediterranean, posing challenges to the global supply chain. Freight forwarders should focus on vessel risks, transit delays, and additional costs. Simultaneously, accelerating digital transformation, expanding diversified services, strengthening global presence, and cultivating talent are crucial to enhance supply chain resilience. The GLA Global Logistics Enterprise Conference will help companies address these challenges and build a better logistics future.

02/05/2026 Logistics
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Global Shipping Firms Adopt Faster Customs Clearance to Cut Costs

Global Shipping Firms Adopt Faster Customs Clearance to Cut Costs

This guide provides strategies for accelerating international ocean freight pickup. Key elements include initiating pre-clearance early, selecting efficient pickup methods, leveraging digital tools for faster document exchange, and proactively coordinating logistics resources. Furthermore, it emphasizes managing free time allowances, minimizing customs inspection delays, and optimizing container utilization and return processes to avoid demurrage and detention charges. These measures help businesses improve pickup efficiency and reduce operational costs.

01/15/2026 Logistics Encyclopedia
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Guide to Shipping Small Packages Under 100kg to Germany

Guide to Shipping Small Packages Under 100kg to Germany

This article explores the feasibility and safety of shipping goods under 100kg to Germany by sea. By opting for LCL (Less than Container Load) service, even small parcels can benefit from cost-effective sea freight solutions. It emphasizes the importance of selecting reputable shipping companies, reinforcing cargo packaging, and understanding customs clearance procedures. This guide assists readers in achieving safe and efficient international shipping of small parcels to Germany.

01/28/2026 Logistics Encyclopedia
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Global Container Shipping Rates Drop Amid Weak Peak Season Demand

Global Container Shipping Rates Drop Amid Weak Peak Season Demand

The container shipping market has entered its off-season, with the SCFI index falling below 1000 points again. Freight rates on the US West Coast route have plummeted, approaching the cost line. Overcapacity and weak demand have led to a comprehensive decline in freight rates. Shipping companies' efforts to reduce capacity and cancel sailings have had limited effect, and December's price increase plans face challenges. Australia/New Zealand and South America routes bucked the trend with price increases, while intra-Asia routes saw minor fluctuations. The market may remain volatile at a low level, requiring shipping companies to adjust their strategies to meet the challenges.

02/11/2026 Logistics
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