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Issued on 4 Mar 20
The manufacturing & business shut down in China caused impacts to Korea's automotive manufacturer's supply chain flow, and further to the shipping industry in Korea toward disaster few weeks after China CNY holidays.
The Incheon Port has been directly affected," the port told London's The Loadstar. "Import containers entering China from Incheon dropped by nearly 60%". and the stacking ratio rises to 80% from 65% averagely at Busan.
Import & export cargo at Busan has fallen 10% since the crisis started to unfold, but transshipment cargo had "flocked" to the hub.
Incheon handles three 3,000,000 TEU per annum & other main port
Busan handles 21,000,000TEU in a year.