South Korean exporters grappling with global container shortages, described as ‘Containergeddon,’ have met another challenge as Chinese ports are luring away cargo carriers returning from the U.S. with nearly zero rates, making Korea’s largest sea gateway Busan port less competitive. Busan port had received 18,629 foreign cargo ships from January to July this year, down …
The post Chinese ports lure cargo carriers away from Korea amid global container crunch first appeared on Hellenic Shipping...