Busan Port operators lock in business with an eye to future competition

Operators of two container terminals in Busan New Port have secured volumes from the container shipping alliances for at least the next five years, in anticipation of enhanced competition when more piers in the port open. THE Alliance, which consists of Hapag-Lloyd, ONE, Yang Ming and HMM, has signed a contract with Hanjin Busan Newport […]

Port of Shenzhen faces severe congestion

The congestion at the Port of Shenzhen, China, is evolving with the port’s Yantian International Container Terminal (YICT) operating at a very high yard density, according to Ocean Network Express (ONE) announcement. Additionally, several Covid-19 cases were reported earlier this week and the local authorities have tightened the sanitary and quarantine measures around the area. […]

SITC orders up to ten feeder ships at Dae Sun

SITC Container Lines’ ship-owning affiliate SITC Shipowning has commissioned up to ten 1,023TEU feeder ships from South Korean shipyard Dae Sun Shipbuilding & Engineering. Its holding group, SITC International, said in a Hong Kong Stock Exchange filing on 27 May that the order comprises eight firm vessels that are slated for delivery within 2023. SITC […]