Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Cargo owners should brace for a “cliff event” similar to the turmoil in the early ...
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By Sam Whelan
As volumes plunge amid the coronavirus crisis, South Korea’s shipping industry is “heading for disaster”.
Other than cancelled passenger flights, so far there has been limited impact on cargo operations from the outbreak within Korea, and ports and airports function mostly as normal.
But with Korea’s trade so closely linked to China, vast swathes of the shipping sector are suffering from the factory and transport disruption there.
According to HG Jung, commercial director of Korean heavylift carrier Chung Yang Shipping, volumes between the ...
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