Ocean freight rates are rising steadily as high demand has led to a shortage of containers and to congested ports.
HMM’s operating profit this year is projected to surpass 800 billion won ($732 million) after shipping costs increased in recent months, potentially putting the company in the black for the first time since 2010.
Export companies, particularly small- and mid-sized firms, are struggling with an increase in ocean freight charges and a lack of cargo ships
Korea JoongAng Daily Sitemap