South Korean Shipping Companies Tackle Challenges: The Competitive Path of Large Container Ships

South Korean Shipping Companies Tackle Challenges: The Competitive Path of Large Container Ships

As competition intensifies in the global shipping market, South Korean shipping companies urgently need to acquire ultra-large container ships to reduce costs and enhance their market competitiveness. However, liquidity issues and financing difficulties complicate this goal. Additionally, overcapacity in the industry and falling freight rates pose challenges to profitability. Regulatory authorities oppose the merger of two companies, citing potential negative impacts on the overall economy. In the future, businesses must find a breakthrough between new ship investments and market adaptation, with hopes for a recovery.

07/21/2025 Logistics
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Port of Long Beach: The Busiest Shipping Hub on the US West Coast

Port of Long Beach: The Busiest Shipping Hub on the US West Coast

The Port of Long Beach, located in California, is the second busiest container port in the United States and a major hub for international trade. Spanning 3,200 acres and operating 24 hours a day, it features advanced loading and unloading facilities that efficiently handle a variety of cargo. With the highest average monthly throughput in the country, the port's strategic location and strong cargo processing capabilities support vibrant trade with international markets.

07/18/2025 Port Encyclopedia
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Chinese Cargo Owners Unite Against Maersks Seal Fee Spark Controversy in Shipping Industry

Chinese Cargo Owners Unite Against Maersks Seal Fee Spark Controversy in Shipping Industry

Chinese cargo owners have united to protest against Maersk over disputes regarding sealing fees, marking a significant shift in foreign trade companies' response to unreasonable charges. Three major associations in Xiamen have strongly condemned Maersk's actions, urging for the protection of cargo owner rights and greater industry transparency. This issue transcends mere fee disputes, as it holds profound implications for the future development of the maritime shipping industry.

07/28/2025 Logistics
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Amazon Prime Discounts Boost Sales Using Reference Pricing

Amazon Prime Discounts Boost Sales Using Reference Pricing

Amazon's updated Prime Exclusive Discount policy emphasizes the importance of the reference price. Sellers must accurately set the Manufacturer's Suggested Retail Price (MSRP) or market price to meet discount requirements and attract buyers. Failure to set a reference price will affect participation in promotional activities. Sellers are advised to set it in advance to seize sales opportunities. This ensures eligibility for Prime discounts and helps customers perceive the value of the offer, ultimately boosting sales on Amazon.

01/05/2026 Logistics
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Shenzhen To Penang Air Freight Price Analysis What You Need To Know About Costs And Flight Details

Shenzhen To Penang Air Freight Price Analysis What You Need To Know About Costs And Flight Details

This article analyzes the air freight costs and flight information from Shenzhen (Bao'an International Airport) to Penang (Penang International Airport). It provides detailed information on the rates for various types of goods, flight schedules, cost components, and important considerations, serving as a practical reference for readers with cross-border transportation needs.

07/28/2025 Logistics
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US Truck Tonnage Edges Up in October Holds Steady

US Truck Tonnage Edges Up in October Holds Steady

According to the American Trucking Associations, the seasonally adjusted For-Hire Truck Tonnage Index for October in the U.S. was 135.7, up 1.9% from September. The unadjusted index was 139.8, a 0.9% increase from September. The data indicates a slight increase in freight volume, but overall, it remains within a stable range, reflecting a cautious economic recovery.

01/19/2026 Logistics
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Freight Forwarders Warned Over VGM Tare Weight Errors

Freight Forwarders Warned Over VGM Tare Weight Errors

VGM tare weight errors are common in the freight forwarding industry. This article reminds freight forwarders to carefully verify container information, confirm with the shipping company, and take photos as proof to avoid problems such as cargo rejection due to incorrect VGM information, ensuring smooth cargo transportation. It emphasizes the importance of double-checking VGM data and maintaining proper documentation to mitigate potential risks and ensure compliance with regulations in container shipping.

08/23/2025 Logistics Encyclopedia
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