South Korea container ports report Q1 volumes up

The volume of container cargo processed at South Korea’s seaports rose 1.3 percent in the first quarter of 2021 compared to the same period in 2020, according to the country’s Ministry of Oceans.

Container cargo processed at the seaports reached 7.29 million twenty-foot-equivalent units (TEUs) in the January-March period, rising from the previous year’s 7.19 TEUs.

Processed export-import cargo jumped 4.5 percent on-year to reach 4.24 million TEUs in the first quarter, the increase was attributed to the growth in trade with China and Canada.

South Korea said it expects the amount of container cargo processed at seaports to continue to rise down the road in line with the global vaccine inoculation program, coupled with economic stimulus measures by major economies. 

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