HMM leads as South Korea embarks on state-backed box fleet expansion
HMM said today it would increase its box ship fleet to 130, with a combined ...
SID 117413576 © Prasit Rodphan | Dreamstime.com
REUTERS reports:
South Korean exports suffered a sharper contraction in January, falling for a 14th straight month as worsening sentiment over the new coronavirus and the effect from fewer working days outweighed improving global demand for semiconductors.
Overseas sales tumbled 6.1% at the first month of 2020 from a year earlier, trade ministry data showed on Saturday, worse than a 5.2% drop in December but beating a median 7.8% decline tipped in a Reuters poll.
Average exports per working day, however, rose 4.8% on year, the first expansion in 14 months, when eliminating the calendar effect. There were only 21.5 working days in January, 2.5 days less than last year, due to changes in the Lunar New Year holiday.
To read the full story, please click here.
Comment on this article