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HMM Has Conducted Research on Possibility of Opening North Pole Line/COSCO Terminals Had Seen Increased Container Throughput by 17%
The largest South Korean shipping company, HMM, recently has been preparing for the opening of a regular shipping line to the North Pole, in order to reduce the nautical distance between Asia and Europe. Now global warming makes it easier to come true.The corporation estimated the trial operation to …
U-Ming Turned Losses into Gains in Q2 under OBOR
Sources tell that by June 30, the Taiwanese shipowner, U-Ming, had gain a net income of TWD138,050,000 in the second quarter of 2017, the equivalent of about USD4,550,000. The equivalent period in 2016 saw revenue of TWD478,910,000. For Q2, the operating profit of U-Ming had increased to TWD2,170,0…
Global Shipping Market Recovery Confirmed
After years of excessive carrying capacities, the global shipping industry confirms that the market is awakening with a fundamental transformation instead of a temporary improvement.Since the financial crisis broke out, the shipping industry in the entire world had undertaken the blow of overcapacity…
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