News / South Korea enters container manufacturing with Vietnam factory

South Korea has started its own container manufacturing industry to tackle equipment shortages.

State-backed ship finance provider Korea Ocean Business Corporation (KOBC) yesterday announced a tie-up with flagship liner operator HMM, compatriot communications equipment maker Seojin System and container technology specialist Ace Engineering to start a container factory in Vietnam.

The equipment crunch has been attributed to the slow return of empty containers as the rebound in import demand last year led to tight shipping capacity.

By mid-2022, Seojin System and Ace Engineering ...