Container volumes carried by South Korean ro-pax ships, or car ferries, sank to a six-year low of 524,800 teu in 2023, according to figures from the country’s ro-ro operators.
The figure was equivalent to a 16% decline on 2022.
The ro-pax ships carry passengers, cars and containers between South Korea and China, and when container freight rates hit historical highs during Covid, they carried 671,100 teu in 2021, a record high.
But demand …
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