Port congestion balloons box rates on South Korea – Russia trade

The Japan International Freight Forwarders Association has announced that in 2021, container trade between South Korea and Russia has been sharply increased, mainly driven by the transportation of auto parts and components, as well as chemical products.

Containers were carried on the so-called Siberia Land Bridge (SLB) owing to shipping space shortages between Asia and Europe, according to JIFFA, while freight rates on the route also surged.

Containers moved from Busan to Vladivostok and...

https://container-news.com/port-congestion-balloons-box-rates-on-south-korea-russia-trade/

FESCO’s Commercial Port of Vladivostok proceeds with digital projects

FESCO Transportation Group, NtechLab, a company in the field of computer vision and a technology partner of Rostec State Corporation and BINOM, the official strategic partner of FESCO, are starting to implement the Smart and Safe Port project in Public joint-stock company “Commercial Port of Vladivostok”.

The corresponding trilateral agreement of intent was signed by officials of the three companies.

NtechLab will offer for implementation FindFace Multi – its latest platform for biometric...

https://container-news.com/fescos-commercial-port-of-vladivostok-proceeds-with-digital-projects/