Supply Chain Research

The port of Busan in South Korea has seen a decline in traffic as a result of reduced transiting shipments from China to the U.S., due to the ongoing U.S.-China trade war. The port had previously seen a surge in shipping last December, likely due to a pre-tariff increase acceleration in traffic. U.S. seaborne imports from China that were routed through South Korea fell 9.3% year over year in July, Panjiva data shows, following a 7.6% slide in 2Q. There’s also been a significant shift in market share with Maersk and MSC potentially having suffered a year over year drop of 24.2% and 28.8% ...