Korean shipping chooses strategic security over Chinese cost advantage

Yang Ming announced operational adjustments for its GS2 service in response to the deteriorating security situation in the Middle East.

HMM’s US$1.46 billion order for eight containerships from HD Hyundai marks more than South Korea’s largest domestic shipbuilding contract since 2007 it signals the container industry’s first major structural response to Washington’s emerging maritime containment architecture against Chinese shipyards.

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