The South Korean government is intensifying efforts to support the country’s liner shipping industry and shippers amid an unprecedented spike in demand.
Speaking on 9 December, vice-minister for Oceans and Fisheries Park Jun-young, announced a KRW5 trillion (US$4.6 billion) investment in 33 ships by 2025, that will expand HMM’s capacity by 250,000TEU that will lift the mainline operators’ volumes to Hanjin Shipping’s pre-collapse levels, the government will provide.
https://container-news.com/seoul-to-finance-hmm-newbuildings-and-demands-more-pacific-capacity/