KITA and KSA discuss tough Pacific trading conditions

Liner operators have told South Korean shippers that it will not be easy to solve Transpacific container capacity issues, in a meeting last week.

The Korea International Trade Association (KITA) initiated a meeting with representatives of various liner operators on 24 September, through the Korea Shipowners’ Association (KSA), to discuss rising Transpacific rates, which have come to the attention of both China’s Ministry of Transport and the US Federal Maritime Commission.

The shippers complained...

https://container-news.com/kita-and-ksa-discuss-tough-pacific-trading-conditions/

Chennai Port to handle Kia Motors exports

Chennai Port Trust (ChPT) has scored over three ports in the south to bag a contract from Kia Motors to handle the exports of the South Korean carmaker.

“It is a tremendous win for us as we had to compete with well-known ports in the south,” said P. Raveendran, chairman, ChPT.

“This win has given us the confidence to develop car exports from ChPT in a big way,” he said.

Ever since Kia Motors announced its readiness to roll out cars from its Anantapur plant in Andhra Pradesh, Kamarajar Port, L&T...

https://container-news.com/chennai-port-kia-motors-exports/