News / Korean feeder operators offer discounted intra-Asia slots as rates surge

© Igor Gromov

With intra-Asia freight rates soaring five-fold over the first nine months of the year, South Korean feeder operators have agreed to set aside slots on intra-Asia routes for compatriot small and mid-size exporters.

Until year-end, the slots will be sold to the shippers at discounted rates, following a Korea International Trade Association request.

Every week, Korea Marine Transport Co (KMTC Line) will set aside 30 teu for Busan-Chennai shipments and 70 teu for Busan-Nhava Sheva shipments, while Sinokor Merchant Marine and its subsidiary, ...