Korea International Trade Association (KITA) Archives

HMM adds third ad hoc Busan-LA sailing

14 October 2020

South Korean liner operator HMM will offer an ad hoc Busan-Los Angeles container service for the third straight month.

Following a meeting organised by Korea International Trade Association between liner operators and South Korean shippers on 28 September 2020, HMM said it will deploy HMM Vancouver, which at 6,300TEU is larger than the 4,600TEU HMM Integral and 5,000TEU HMM Prestige that were deployed in August and September respectively.

HMM’s third Busan-Los Angeles trip will be launched at the...

https://container-news.com/hmm-adds-third-ad-hoc-busan-la-sailing/

KITA and KSA discuss tough Pacific trading conditions

28 September 2020

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/

South Korean authorities add their voice to Pacific rate concerns

14 September 2020

The Korea International Trade Association (KITA) is reportedly concerned with peak Transpacific freight rates, which have reached levels not seen since 2009.

KITA noted that Transpacific rates have doubled over the last three months, as liner operators have blanked sailings to address concerns over the economic fallout amid the Covid-19 pandemic. There is also speculation that liner operators may be allocating more capacity to China, which is now showing an economic recovery from the pandemic.

Acc...

https://container-news.com/south-korean-authorities-add-their-voice-to-pacific-rate-concerns/