Korea Joongang Daily
Korea JoongAng Daily

Gov't to cover extra costs for importing alternative crude supplies

The government will cover additional shipping costs crude importers have to bear when bringing in alternative supplies from regions other than the Middle East, the Ministry of Trade, Industry and Resources said Wednesday.

2026-04-15

Container shipping costs to major economies see on-month rise in March: Data

Container shipping costs from Korea to major economies, including the United States and the Middle East, rose in March from the previous month, the customs agency said on Wednesday.

2026-04-15

Korea joins Britain-led ministerial meeting on Strait of Hormuz

Korea has joined dozens of other countries for a Britain-led top diplomats' meeting to discuss ways to keep the Strait of Hormuz free and open, as concerns deepen over Iran's effective closure of the vital waterway.

2026-04-03

Ministry calls for swift normalization of maritime shipping network after Trump's speech

The Ministry of Foreign Affairs on Thursday called for a swift normalization of global maritime shipping after U.S. President Donald Trump signaled a pullback from involvement in the Strait of Hormuz.

2026-04-02

Cost to ship containers to U.S. East Coast rises for 4th month in February

Container shipping costs from Korea to the West Coast of the United States fell for a third consecutive month in February to 4.52 million won, while rates to the East Coast rose for a fourth straight month.

2026-03-16

Korea Inc. reviews Middle East plans, watches Strait of Hormuz closely after airstrikes on Iran

From tech giants like Samsung and LG to food companies, Korean firms are reviewing their expansion plans in the Middle East following the Israel-U. S. airstrikes on Iran and the closure of the Strait of Hormuz, a critical maritime chokepoint.

2026-03-02

Container shipping costs fluctuate between U.S. East and West Coast routes in January

Container shipping costs from Korea to the U.S. West Coast fell for a second consecutive month in January, while rates to the U.S. East Coast rose for a third straight month, data showed Thursday.

2026-02-19

Korea to start trial run of Arctic shipping routes in Sept.: Oceans Ministry

The government plans to conduct a trial voyage along Arctic shipping routes from the port city of Busan to Rotterdam in the Netherlands around September, the acting oceans minister said.

2026-01-06

Container shipping costs to major export destinations up 3.3% in November

Container shipping costs from Korea to major economies, including the United States and the European Union (EU), increased from a month earlier in November, the customs agency said Monday

2025-12-15

Shipping sector sales surpass 250 trillion won in 2024 on increased cargo, transport fees

Sales of Korea's transport industry rose to above 250 trillion won ($171.1 billion) last year, mainly due to an increase in cargo shipping rates, data showed Thursday.

2025-12-11