Hyundai MM Finds Rail the Best Way to Europe, Tackling K+N and Ceva — Panjiva
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Hyundai MM Finds Rail the Best Way to Europe, Tackling K+N and Ceva

China 3048 Corp - Forwarders 347 Corp - Shipping 1026 European Union 878 Mode - Containerized 1524 Mode - Rail 120 Mode - Seaborne 1845 Poland 14 South Korea 605

Hyundai Merchant Marine is launching a South Korea to Europe containerized freight service that will use maritime routes to China before onward shipment via rail to Poland. The routing will take 17 days less than a traditional maritime route. It likely represents Hyundai MM attempting to retain market share from freight forwarders such as Ceva and K+N that have been more aggressive in starting rail routes. Panjiva data shows rail exports from China to Europe climbed 110% in the past 12 months on a year earlier, and reached a record of $1.2 billion in September.

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