South Korea's LX Pantos acquires logistics hub in US
South Korean 3PL LX Pantos said yesterday it had teamed with state-backed maritime financial institution ...
South Korean ship finance institution Korea Ocean Business Corporation (KOBC) is piloting a container freight index to provide a guideline on the costs of moving goods from Busan, the country’s main container port.
Planning for the KOBC Container Composite Index (KCCI) began back in July 2020, when freight rates began ascending rapidly because of Covid-19-related logistical bottlenecks.
KOBC said: “As a result of analysing data accumulated for more than a year, meaningful results were derived in line with the market conditions.”
KCCI comprises ...
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