News / Seoul steps in again to support extra loader sailings and subsidies for SMEs

The South Korean government has again stepped in to initiate “extra loader” sailings to ensure that the country’s exporters have sufficient container shipping slots amid the current capacity crunch.

On Friday, the Ministry of Trade, Industry and Energy announced support measures to prepare flag-carrier HMM and domestic feeder operators for rising freight costs caused by liner operators rerouting around the Cape of Good Hope, a situation coinciding with the peak season.

This month and next, HMM ...