Late last year, SM Group, which owns South Korea’s No. 2 bulk carrier Korea Line Corp., acquired now-defunct Hanjin Shipping Co.’s U.S.-Asia route and other assets for 37 billion won (US$32 million).

The shipping firm said it will be able to expand its services as well.

Of the 12 ships, the company runs six chartered ships.

Its fleet includes eight 6,500 TEU-ships and one 4,300 TEU-vessel, SM Line said.

The company said it aims to log 3 trillion won in sales within five years.

Source: Yonhap
2017-03-08

Naval gazing, what lies ahead for the supply chain Rockford IL

As this blighted year nears its end, three maritime journalists were asked to assess the industry as it enters a critical period in history. Change is afoot and 2021 is likely to herald a new beginning for some, writes Nick Savvides, managing editor at Container News.

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