Media: South Korea's government to create shipping bank

In an effort to increase competitiveness, the South Korean government will establish a shipping bank under the name "Korea Shipping Company" with a budget of close to a billion dollars.

by SØREN PICO

The government in South Korea plans to establish a shipping bank before the end of this month as part of its plan to strengthen South Korea's competitiveness in the international market for shipping and port logistics, reports Business Korea.

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Media: South Korea's government to create shipping bank

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Media: South Korea will get a new container carrier

Asia's shipping lines are facing more mergers

"This should not necessarily be seen as a defensive move by Hyundai"

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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