Trade Shifts: US Overtakes China as Top Spot for South Korean Goods

Greg Trauthwein
Thursday, June 29, 2023

Tumult in the container shipping sector continues, as geo-political conflict, the climate and labor issues continue to define the major trade routes. In this edition of Container Shipping Outlook, Xeneta’s Chief Analyst Peter Sand discusses how the United States has emerged (over China) as the top spot for South Korean goods; the Far East to South American East Coast spot rates have jumped 49%; and how lack of water and resulting draft restrictions are impacting the flow of goods through a major supply chain choke point, the Panama Canal.

Categories: Cargo Containers & Breakbulk

Related Stories

Northwest Seaport Alliance Full Exports Up 2.2% YTD

Industry Bodies Raise Concerns about Jones Act Waiver

Bauxite Shipments up 16% but Outlook Uncertain

Current News

Echo Marine Group to Deliver Western Australia’s First Electric Ferry Fleet

Green Ammonia Shines When Regulation is Considered, says study

Northwest Seaport Alliance Full Exports Up 2.2% YTD

Iran Fires Missiles at Qatar Energy Hub

Subscribe for Maritime Logistics Professional E‑News