Boats and Marine Technologies

Korea's exports tumble 10.2% on-year in July

South Korea’s exports fell by more than 10 percent in July, with the rate of decline returning to double digits after single digits in May and June, the trade ministry said Monday. Outbound shipments came to $41 billion last month, down 10.2 percent from the same month last year, according to the Ministry of Trade, Industry and Energy. The July figure marked a record 19th straight month that exports decreased since January 2015. The double-digit fall came after on-year declines of 5.9 [...]

Korea to carry out feasibility study on port project in Egypt

South Korea will conduct a feasibility study on redeveloping the historic port city of Alexandria in Egypt, the maritime affairs ministry here said Wednesday. The research will be into the technical feasibility of the development of the Egyptian seaport, along with detailed plans to raise funds, according to the Ministry of Oceans and Fisheries. Alexandria, on the Nile Delta, is one of the oldest seaports in world history, linking trade between the Mediterranean Sea and the Red Sea. Currently, the port handles [...]

Huawei’s Korean branch under tax investigation

South Korea’s National Tax Service is conducting an investigation into Huawei Korea, the local branch of Chinese tech giant Huawei Technologies, the company said Tuesday. Investigators from the Seoul branch of the National Tax Service are currently conducting a tax audit on Huawei Korea, the firm said, calling it a regular process that takes place every five years. “The NTS has been investigating our company as part of a regular audit that takes place every five years,” Huawei Korea spokesperson Shin [...]

Hyundai Motor chief to meet heads of overseas operations

[THE INVESTOR] Hyundai Motor Group chairman Chung Mong-koo is scheduled to hold a meeting with some 60 heads of overseas operations at the Seoul headquarters on July 18 to discuss ways to elevate the carmaker’s slowing sales. The meeting, held twice a year, comes after the nation’s largest carmaker — the fifth globally — suffered a 2.4 percent decline in sales in the first half of this year compared to a year ago. In the January-June period, Hyundai Motor and Kia [...]

Imports of U.S. cars in Korea more than triple in 4 years

Imports of American cars in Korea more than tripled in four years, industry data showed Monday, a rise that could be attributable to the free trade deal between Seoul and Washington. The free trade deal went into effect in 2012, providing a competitive edge to U.S. carmakers. Korea imported a total of 49,096 cars from the United States in 2015, up from 13,669 units in 2011, according to data provided by auto industry. Ford Sales and Service Korea, the local importer [...]

Korea's seaport cargo edges up in Q1

Cargo processed at Korean seaports edged up in the first quarter from a year earlier as a rise in domestic shipments made up for a drop in exports and imports, government data showed Wednesday. The country’s seaports handled a combined 366.1 million tons of freight during the January-March period, up 1.5 percent from 360.7 million tons tallied a year earlier, according to the data compiled by the Ministry of Oceans and Fisheries. Export-import cargo, which accounted for 82.6 percent of the [...]

Boating With The Latest In Marine Technology

Taking a boat out to sea, whether it is for recreational purposes or for serious fishing business, no longer has to be such a daunting adventure thanks to emerging technologies such as Simrad marine electronics. Boats and yachts can have the latest Simred marine electronics like marine GPS, autopilot system, multi-functional navigational display, marine radars, communication and AIS compact units. These devices put ease in navigation and provide a wider sense of control and manageability of operations as well [...]

An Overview About Pharmaceutical Packaging

  Generally speaking, packaging could be defined as science or technology, which gives a safer delivery of a wider range of products throughout its journey from the manufacturing unit to the end users. And talking about the Pharmaceutical packaging, it deals with packing the medicines and other pharmaceutical products. These products are supposed to be packed with all due care for obvious reasons, which keep them free from issues like contamination and blocks the microbial growth along with keeping these [...]