● RADIOAdvertise with us
DOWNUNDERVOICESAustralia · New Zealand · World
Back to Trade & Logistics
Trade & Logistics

16 September 2026

South Korea’s Arctic shipping ambitions on ice due to high costs and low volumes

Downunder Voices Newsroom

Source reporting: The Loadstar

FacebookEmail
South Korea’s Arctic shipping ambitions on ice due to high costs and low volumes

South Korea’s Ministry of Oceans and Fisheries (MOF) is struggling to attract local shipping companies to build ice-class container ships, despite dangling $8m of subsidies. The idea was to build ice-class ships in a local shipyard in the hope of running regular liner services through the Northern Sea Route by 2030. South Korea is keen to tap the NSR as an expedited shipping lane from South Korea to Europe, following the lead ... The post South Korea’s Arctic shipping ambitions on ice due to high costs and low volumes appeared first on The Loadstar .

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from Trade & Logistics

View category
Accident risk concentrated across limited share of fleet, study findsTrade & Logistics

16 September 2026

Accident risk concentrated across limited share of fleet, study finds

A new study by ShipIn Systems and marine insurer NorthStandard has found that maritime accident risk is heavily concentrated within a relatively small part of the fleet. Its analysis indicates that a small group of vessels accounts for a disproportionate share of reported casualties, while recurring operational patterns can signal heightened risk before an incident …

Source: Splash247Original source
Danaos expands fleet with Patmos ExpressTrade & Logistics

16 September 2026

Danaos expands fleet with Patmos Express

Danaos has taken delivery of Patmos Express, continuing the expansion and renewal of its vessel fleet. The company said the latest addition supports its focus on efficiency, reliability and responsible growth as it responds to the requirements of global trade. Danaos also thanked the teams involved in the vessel’s construction and delivery, as well as the crew taking over its operation. The company did not provide further details about the vessel’s capacity, shipbuilder or deployment. The post Danaos expands fleet with Patmos Express appeared first on Container News .

Source: Container NewsOriginal source

Read Next

View latest
Polish road haulage success story hits the buffersBusiness

16 September 2026

Polish road haulage success story hits the buffers

Following Poland’s accession to EU membership in 2004, its road haulage sector underwent a meteoric rise to the top. Business tripled and its truckers became European leaders with an estimated market share of 20%. Just over two decades on, the picture is radically different. “We’re operating with no profit margin and hoping for a miracle,” said Jan Buczek, president of the Alliance of Polish International Road Hauliers (ZMPD), who was one of ... The post Polish road haulage success story hits the buffers appeared first on The Loadstar .

Source: The LoadstarOriginal source
CMA CGM tipped for $3bn Yangzijiang megamax orderWorld

16 September 2026

CMA CGM tipped for $3bn Yangzijiang megamax order

CMA CGM has emerged as the likely liner behind plans for another dozen 24,000 teu megamax containerships at China’s Yangzijiang Shipbuilding in a programme potentially worth around $3bn, as rival Maersk is also reported to be sounding out yards for a major new round of ultra-large tonnage. Broker MB Shipbrokers has linked Yangzijiang to the …

Source: Splash247Original source