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Korean Shipping Industry Confronts Fourfold Crisis Amid Rising Costs, Environmental Regulations, and Falling Freight Rates

Korean Shipping Industry Confronts Fourfold Crisis Amid Rising Costs, Environmental Regulations, and Falling Freight Rates

The Korean shipping industry is facing a fourfold crisis as it contends with plummeting freight rates, soaring shipbuilding prices, surging ship capacity, and the imposition of stricter environmental regulations by governments worldwide. In March, the Shanghai Export Containerized Freight Index (SCFI), a critical indicator of global trade activity, recorded a
Maru Kim