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Joy and Concern of World’s Sixth Largest Ocean Shipping Operator
Regarding merged container shipping business and their co-founded company, NYK, MOL and K-LINE held a joint press conference in Tokyo on July 10. The newly formed entity is named Ocean Network Express (ONE) with a carrying capacity representing 7% of the global market and a world ranking of 6. On the…
Hanjin Shutdown Negatively Impacts South Korea’s Shipping Capacity
The world’s seventh largest shipping operator, Hanjin Shipping, has been broke for one year. After bankruptcy, its original market share was split and occupied by its peers from other nations. The carrying capacity of South Korea has consequently dropped substantially and South Korea is not…
COSCO: Hong Kong Connects to Global Financial Business
Financing in Hong Kong Hong Kong has been the most important region in the overseas business layout of COSCO. In Hong Kong, business sectors of COSCO include shipping, port investments and management, logistics, container leasing, funding and financing, etc. In particular, as to funding and financi…
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