News / South Korean carriers asked to go on reserving slots for SME exporters

The Korea International Trade Association (KITA) yesterday asked HMM and eight other domestic container carriers to continue reserving slots for SME exporters on 22 shipping routes at preferential rates.

The call is in response to the continued freight volatility caused by the Red Sea diversions and now boosted by the US Trade Representative’s proposed levies on Chinese-built ships calling at US ports.

KITA has expressed concern that the proposal, which could mean port fees of up to $1.5m ...