Port of Busan

The Drewry Intra-Asia Container Index fell 4% to $1,035 per 40ft container, marking the second consecutive weekly decline

S&SYS, formerly part of Samsung Heavy Industries, has rebranded and won orders for LNG carrier control systems from Hanwha Ocean.

Container shipping costs from South Korea to the Middle East saw a third consecutive monthly increase in May.

Maersk will launch a new AC1 container service next month, linking the Far East with the West Coast of South America.

DP World launched its first global seagrass restoration initiative on Geoje Island, South Korea, to restore marine habitat.

CNC has enhanced its Japan Thailand Vietnam Service (JTVS) to improve schedule reliability and intra-Asia connectivity

Busan's maritime hub aspirations are bolstered by the election of a new mayor with a strong background in ocean affairs

South Korea's Industry Minister announced a significant investment to integrate AI into small and medium-sized shipbuilding.

South Korea's President Lee Jae Myung has committed to developing the shipping and port industries as strategic national sectors.

Busan Port Authority is developing LNG and methanol bunkering infrastructure by 2032, including storage tanks and a berth