|Date: October 13, 2016
Subject: Strikes have severely curtailed operations at South Korea’s major ports
|Source: Port Technology
An ongoing rail strike has halved the country’s rail capacity and severely impacted the ability for containers to move smoothly to and from Korea’s major ports.
With some terminals now nearing capacity, two further strikes, both running since Monday October 10, are further dampening the ports’ ability to carry out operations.
A general strike launched by the Cargo Truckers Solidarity union has removed a third of container transport capacity at Busan alone. The strike was launched in response to government attempts to deregulate the number of small trucks used for deliveries.
In addition, fuel bunker operators at the ports of Busan, Ulsan, and Yeosu have gone on strike, demanding an increase in operating fees paid by refiners.
Delmar will continue to monitor the situation, handle and expedite shipments as events allow, however some delays can be expected due to the ongoing strikes.
Additional information may be obtained by contacting your local Delmar representative.