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27 October 2020 The on-line newspaper devoted to the world of transports 13:13 GMT+1

September 18, 2020

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Original news
KITA warns that strong rise in seafaring nols threatens South Korean export competitiveness

The association urges the Seoul government to hire Initiatives

The Korea International Trade Association (KITA) has asked for Seoul government to take steps to counteract the South Korean trade abroad of the increase in foreign trade maritime authorities and, to this end, submitted a proposal to the ministries of the Trade, industry and energy and oceans and fisheries. KITA explained to the government that, as evidenced by the Shanghai Container Freight Comprehensive Index (SCFI) which has the level of freight containerized maritime services, in the first quarter of this year this level has grown by 8.5% year-over-year, rose by 16.3% in the following quarter and by 37.4% in the following quarter. July and August. The association underlined the particular growth in the latter two-month value index walnuts (up 72.6%) trans-Pacific Services with the North America, but also the increase in those related to other routes between those with Northern Europe.

Recalling that 98.9% of South Korean exports were sea transport, KITA called for a comparison with shipping companies to find a solution to the serious Problem.

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