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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Carbon Black Exports Shift to LCL Ocean Freight

Carbon Black Exports Shift to LCL Ocean Freight

This article details the operational process of exporting carbon black via LCL (Less than Container Load) sea freight. It covers key steps such as document preparation, shipping schedule arrangement, cargo warehousing, customs declaration materials, bill of lading confirmation, and customs clearance. The aim is to assist exporters in completing carbon black export business efficiently and smoothly, providing a comprehensive guide to navigate the complexities of LCL shipments and ensure a successful export process. It highlights important considerations for handling and transporting this specific chemical product.

08/20/2024 Logistics Encyclopedia
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Guide to Safe LCL Shipping of Hazardous Goods to Busan Incheon

Guide to Safe LCL Shipping of Hazardous Goods to Busan Incheon

This article provides a detailed guide to LCL (Less than Container Load) dangerous goods exports to Busan and Incheon, South Korea. It covers crucial considerations such as shipping line and terminal requirements, dangerous goods compatibility, and acceptable classes for LCL (Class 3, 4.1, 6, 8, and 9). The guide also highlights operational details like palletization and volume calculation. It emphasizes the importance of selecting a professional freight forwarder to ensure the safe and efficient execution of your dangerous goods LCL export, helping you navigate the complexities involved.

03/14/2024 Logistics Encyclopedia
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Global Shipping Costs Surge for Bulk Cargo Shippers

Global Shipping Costs Surge for Bulk Cargo Shippers

This article provides an in-depth analysis of international LCL (Less than Container Load) ocean freight rates. It details various calculation methods for basic freight (based on weight tons, volume, ad valorem, etc.) and different types of surcharges, such as overweight charges, port congestion surcharges, and bunker adjustment factors (BAF). The article also offers practical advice on reducing ocean freight costs, helping shippers make informed decisions and optimize their logistics expenses. This aims to empower cargo owners to smartly manage and minimize their overall shipping costs.

11/03/2025 Logistics Encyclopedia
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Coupang Expands South Chinakorea Trade with Shenzhen LCL Service

Coupang Expands South Chinakorea Trade with Shenzhen LCL Service

Coupang launched its LCL (Less than Container Load) direct shipping service from Shenzhen, enabling sellers in South China to reach South Korea in just 8 days, reducing logistics costs by 20%. This service allows for consolidated shipments and faster delivery times. Coupang provides a unified management platform to streamline the entire process, helping sellers expand their business efficiently in the Korean market. This new service aims to simplify cross-border trade and offer a more cost-effective solution for Chinese merchants selling on Coupang.

02/03/2026 Logistics
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US Ocean Freight Rules Container Weight Limits Explained

US Ocean Freight Rules Container Weight Limits Explained

This article delves into the weight limit standards for ocean freight containers in the United States, emphasizing their close relationship with container size, type, structural strength, chassis load capacity, and road traffic regulations. It also elucidates the potential risks associated with overloading and provides practical measures to avoid it. The aim is to help businesses mitigate potential risks and ensure the safe and efficient transportation of goods. Understanding these regulations is crucial for compliant and cost-effective shipping operations to and from the US.

02/05/2026 Logistics Encyclopedia
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Guide to Shipping from Shenzhen to Malaysia Costs and Timelines

Guide to Shipping from Shenzhen to Malaysia Costs and Timelines

This article provides an in-depth analysis of the shipping time, cost, and process of consolidated shipping from Shenzhen to Malaysia. It details the advantages and disadvantages of air freight, LCL sea freight, and FCL sea freight. Common questions are answered, aiming to help cross-border e-commerce sellers and individuals choose the appropriate consolidation solution and optimize logistics efficiency. This guide covers key considerations for selecting the best shipping method based on factors like urgency, budget, and shipment size, enabling informed decision-making for efficient and cost-effective delivery to Malaysia.

02/02/2026 Logistics
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Global Sea Freight Challenges for Chlorine UN1017 Exports

Global Sea Freight Challenges for Chlorine UN1017 Exports

This article details the operational process of exporting chlorine (UN1017) via sea freight in full container loads. It covers key aspects such as selecting a shipping company, booking space, dangerous goods declaration cutoff, customs declaration and inspection. The aim is to help companies safely, compliantly, and efficiently complete the sea freight export of dangerous chemicals, avoiding unnecessary risks and losses. It provides a comprehensive guide to navigating the complexities of chlorine export by sea.

04/28/2024 Logistics Encyclopedia
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US Container Imports Jump in February As Supply Chain Strains Persist

US Container Imports Jump in February As Supply Chain Strains Persist

Panjiva reports a 6.9% year-over-year increase in US container imports for February, but a 5.5% decrease compared to January. However, the daily average import volume reached a new high. Energy imports surged, while IT imports declined. Experts remain uncertain about the full-year trend, emphasizing the need to monitor inflation, consumer spending habits, and geopolitical factors. Shipping companies are adjusting their strategies to address future challenges and uncertainties in the global trade landscape.

01/21/2026 Logistics
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