Last year, North Port’s cargo volume dropped by 21.8%. To secure stable cargo volumes, dock operators are selling shares to shipping companies. Recently, Wonhae Shipping acquired shares in North Port dock operating company INTC, becoming the second-largest shareholder. Daejoo Heavy Industries Dock will be relaunched as ‘Global Incheon North Port’ with investment from SeaRainbow International, a Sino-Korean joint venture bulk shipping company. However, concerns arise that cargo may become concentrated at specific docks, potentially exacerbating the decrease in cargo volume at other docks.
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Auto-posted at: 2025-03-25 21:01:25