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S Korea's seaport cargo slips 5.1pc in Q2 amid Ukraine crisis

Author:   Posttime:2022-07-28

CARGO processed at South Korean seaports fell 5.1 per cent year on year in the second quarter of the year amid global supply disruptions due to the prolonged crisis in Ukraine and China's lockdown of major cities over the Covid-19 pandemic, the Ministry of Oceans and Fisheries said.

Cargo handled at the country's ports totalled 373.98 million tonnes in the April-June period, compared with 394.17 million tonnes a year earlier, according to the oceans ministry, reports the nation's Yonhap News Agency.
Handling of export-import cargo declined 6.2 per cent year on year to 314.89 million tonnes in the second quarter, it added.
Container cargo processed at the seaports declined 6.0 per cent year on year to come to 7.75 million TEU in the second quarter. Of the total, processed export-import container cargo fell 6.8 per cent year on year to stand at 4.43 million TEU in the cited period, the ministry said.
The decrease came as trade volume with China and Japan fell 6.7 per cent and 4 per cent, respectively, which offset a 1.8 per cent growth in the trade volume with the United States, according to the data.
South Korea's handling of transshipment cargo also went down 4.9 per cent year on year to 3.12 million TEU due mainly to a 50.1 per cent fall in the volume to Russia, the data showed.
Non-container cargo handled at the ports also fell 4.18 per cent from the previous year to 245.56 million tonnes in the second quarter, the ministry said.
 
 

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