Heung-A the latest Korean carrier to tell worried shippers: ‘We’re not sinking’

Another South Korean shipping line under financial pressure has had to write to customers to dispel market rumours of a second box carrier crash.
According to Alphaliner, intra-Asia liner and chemical tanker and logistics operator Heung-A has written to shippers to reassure them that its recent decision to terminate services on a number of intra-Asia routes was due to their “low profitability”, and it was part of “a normal restructuring process”.
Heung-A also denied it was in …

The post Heung-A the latest Korean carrier to tell worried shippers: ‘We’re not sinking’ appeared first on The Loadstar.

Source: The Loadstar

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