South Korea Allocates US$2.5 Billion To Boost Vessel Capacity Of Smaller Box Lines

• The South Korean government plans to enhance the locally owned container shipping fleet by allocating around US$2.5 billion to increase the fleets of SM Line and other South Korean feeder operators by 100,000 TEUs.
• As part of plans to grow the locally owned container shipping fleet, the South Korean government will set aside around US$2.5 billion to increase the fleets of SM Line and other South Korean feeder operators by 100,000 TEUs.

The kitty is targeted at SM Merchant Marine, commonly...

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