Ministry of Oceans and Fisheries and National Shipping Companies to Deploy Export Support Vessels Early on European Routes
[Sejong=Asia Economy Reporter Kwon Haeyoung] The Ministry of Oceans and Fisheries and domestic shipping companies announced on the 18th that they will deploy vessels early on European routes to support logistics for export companies.
HMM, through consultations with shipyards and affiliated alliances, will deploy two ultra-large container ships of 16,000 TEU (1 TEU equals one 20-foot container) capacity, originally scheduled for delivery in mid-April, early to the European route by mid-March. The remaining vessels will be delivered sequentially by June this year and assigned to urgent routes.
For the trans-Pacific route, HMM and SM Shipping will add three temporary vessels after mid-March. On the Southeast Asia route, HMM plans to add one temporary vessel.
The Ministry of Oceans and Fisheries stated that it will monitor shipping market conditions and demand after March and plans to allocate additional vessels accordingly.
Regarding container box supply, HMM plans to receive 43,000 container boxes, delivered in batches of 10,000 per month starting mid-March, in line with the early deployment of the 16,000 TEU vessels.
To sufficiently secure container boxes for use in the second half of this year, an additional 17,000 40-foot (ft) container boxes will be produced in advance.
The government has been operating the 'Public-Private Joint Export-Import Logistics Comprehensive Response Center' since the end of last year to resolve logistics difficulties faced by export and import companies.
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Jeon Jae-woo, Director of the Shipping and Logistics Bureau at the Ministry of Oceans and Fisheries, said, "We plan to continue support such as deploying temporary vessels if necessary together with domestic shipping companies," adding, "We will do our best to ensure that there are no disruptions in maritime transportation of domestic export goods going forward."
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