Securing ships for export of South Korean seafood to U.S.

Published 2021년 12월 27일

Tridge summary

South Korea's seafood exports to the United States have hit an all-time high despite the global logistics crisis caused by COVID-19. The Ministry of Oceans and Fisheries and the Korea Agro-Fisheries & Food Trade Corporation (aT) announced that the export value was $360 million as of November 2021, surpassing the 2020 figure of $290 million. This success was achieved through cooperation with HMM, the national shipping company, to secure dedicated shipping space for seafood exports. Despite challenges such as blocked sea routes, 170 TEU of dedicated berthing space was allocated for 80 export companies. Negotiations are underway to expand routes to the eastern United States and the European Union, with efforts to continue securing vessels as logistics difficulties are expected to persist in 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite the shipping and logistics crisis caused by the spread of COVID-19, the amount of seafood exports to the United States reached an all-time high. The Ministry of Oceans and Fisheries and the Korea Agro-Fisheries & Food Trade Corporation (aT) announced on the 20th that the export of seafood to the United States reached an all-time high thanks to the securing of ships (loading space) for export of seafood to the United States. As of the end of November, seafood exports to the US amounted to $360 million. This figure far exceeds the annual export value of 290 million dollars in 2020. The Ministry of Oceans and Fisheries and aT explained that the sea route was blocked due to the global logistics crisis, but it played a decisive role in cooperating with HMM, the national shipping company, to secure a shipping space dedicated to aquatic food of 65 TEU (1 TEU = one 20-foot container) per month. Starting from the recruitment of companies eligible for the first flight on June 24, ...

Source: Fisheco