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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Yantian International Container Terminal: The Domestic Preferred Port for Ultra Large Vessels

Yantian International Container Terminal: The Domestic Preferred Port for Ultra Large Vessels

Yantian International Container Terminal has become the domestic preferred port for ultra-large vessels, with multiple successful berths in 2023. The terminal features deep-water berths and advanced gantry crane facilities, allowing efficient service for numerous large ships. By adhering to a strategy focused on large vessels and optimizing services, Yantian International has achieved a continuous increase in cargo volume, surpassing the industry average and solidifying its strategic position in South China.

07/21/2025 Logistics
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Understanding Sea Freight Full Container Load Costs: Port Fees and Quotation Analysis

Understanding Sea Freight Full Container Load Costs: Port Fees and Quotation Analysis

The costs of full container load (FCL) shipping include not only the ocean freight but also various local charges, such as port dues, security fees, manifest fees, and seal fees. These costs can vary depending on the port, shipping lines, and freight forwarders. Understanding the standards and calculation methods for these fees can help businesses better manage their budgets during international cargo transportation.

07/18/2025 Logistics Encyclopedia
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Freight Forwarding Faces Rising Challenges Seeks Solutions

Freight Forwarding Faces Rising Challenges Seeks Solutions

This paper delves into common and challenging issues in consolidation practices, using a question from freight forwarding forum user bz7758258 as a starting point. It analyzes problems such as Yangshan Phase IV container re-matching, double-door container port entry guarantees, special container port entry, manifest information errors, Hapag-Lloyd seal number digits, and equipment lists after re-matching. By employing a data-driven approach, the paper proposes corresponding solutions and suggestions, aiming to provide valuable insights for freight forwarding professionals.

08/22/2025 Logistics Encyclopedia
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Guide to FCL Shipping for International Ocean Freight

Guide to FCL Shipping for International Ocean Freight

This article provides a detailed explanation of the entire FCL (Full Container Load) international shipping process, from booking to cargo pickup. It covers key steps such as booking requests, container pickup arrangements, cargo loading, returning the loaded container to the depot, customs clearance and inspection, and finally, loading the cargo onto the vessel for shipment. The aim is to provide readers with a comprehensive understanding of the core aspects of ocean freight logistics, particularly focusing on the practical steps involved in FCL shipments.

01/15/2026 Logistics Encyclopedia
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FCL Vs LCL Choosing the Right Shipping for Businesses

FCL Vs LCL Choosing the Right Shipping for Businesses

This article analyzes the decision factors for choosing between Full Container Load (FCL) and Less than Container Load (LCL), including inventory management, cost-effectiveness, delivery speed, and flexibility. The aim is to assist enterprises in making informed freight choices to enhance logistics efficiency and reduce costs.

08/06/2025 Logistics Encyclopedia
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