INCHEON COLLABORATES WITH CARRIERS OFFERING SEOUL SHIPPERS AD HOC SAILINGS

South Korea’s Incheon Port Authority (IPA) has worked with compatriot intra-Asia carriers Sinokor Merchant Marine and Dong Young Shipping to offer extra loader sailings to South-east Asia for shippers exporting from the Seoul area.

South Korea’s Incheon Port Authority (IPA) has worked with compatriot intra-Asia carriers Sinokor Merchant Marine and Dong Young Shipping to offer extra loader sailings to South-east Asia for shippers exporting from the Seoul area.

The first sailing, on 2 December, saw Sinokor deploy the 1,500 teu Fortune Trader to Singapore, Jakarta, Hai Phong, Incheon and Busan, while Dong Young, a subsidiary of Namsung Shipping, deployed the 1,000 teu Pegasus Pacer to Hai Phong, Incheon and Busan last Thursday.

The South Korean government, through various agencies and port authorities, has worked with local and deepsea operators, including HMM, SM Line and  KMTC Line, to execute ad hoc shipments to help local shippers, although most of the sailings have been from the main container port in Busan.

IPA president Kim Jong-gil said the extra loader sailings would help importers and exporters in the Seoul metropolitan area struggling with the shortage of ships and a surge in freight rates.

Incheon’s container volume has grown by about 7% annually over the past five years and, in 2020, achieved a record high throughput of 3.27m teu and is now building a smart port, alongside South Korea’s New Deal, which aims to generate 1.9m jobs by 2025 in the post-Covid-19 economy.

This will include a distribution centre with a shareable platform to make it affordable for some 60 small and medium-sized businesses, starting from 2023, in the hope of developing logistics start-ups. Stage 1-2 of the Incheon New Port development, expected to be operational by 2026, will also be completely automated and could boost Incheon’s annual capacity to five million teu.

Source: https://theloadstar.com

Writer: Martina Li in Taiwan 


Related News

CHINA PORT CONGESTION FALLS SHARPLY, TRANS-PACIFIC SHIPPING RATES RETREAT
CHINA PORT CONGESTION FALLS SHARPLY, TRANS-PACIFIC SHIPPING RATES RETREAT

2725 Views

Ships at anchor off Shanghai/Ningbo down nearly 50% over the past 18 days

Airfreight rates to US soften, but it may not be a happy new year for shippers
Airfreight rates to US soften, but it may not be a happy new year for shippers

1768 Views

Transpacific airfreight rates into the US have finally begun to fall as the market softens before the holiday week.

Warning to forwarders: a perfect storm on the horizon for US supply chains
Warning to forwarders: a perfect storm on the horizon for US supply chains

1044 Views

The US supply chain faces several challenges, including decreasing product demand, the war in Ukraine and rising inflation. However, a potential UPS strike – along with a chance that Yellow Freight goes insolvent – could create a perfect storm, with disastrous economic consequences.


Comment
  • Your review
main.add_cart_success