China Shipping expands operations in S Korea
CHINA Shipping Group has recently opened a office in Seoul, South Korea, known as China Shipping Holdings (Korea).
The newly established holding company is intended to help China Shipping attract greater business from South Korean industries, Xinhua said.
The new company offers a wide range of services including shipping, terminal operation, logistics, ship management, airfreight and real estate among others.
The company's business expansion in South Korea comes amid increasingly closer trade ties between China and South Korea in recent years, bringing more opportunities to the shipping industries of both countries. Last year, Sino-Korean trade was valued at more than US$90 billion, reported the newswire.
China Shipping's container transportation and freight forwarding services in South Korea have also been expanding rapidly, with the company handling 400,000 TEU in the country last year.
報導表示，中海集團在韓國的集裝箱業務量和貨代業務發展很快，去年在韓國港口裝卸和轉運的集裝箱量達 40萬個 20 櫃。新組建的「中國海運（韓國）控股株式會社」，將延伸中海集團在韓國業務的產業鏈，擴大規模經濟。