• Reuters

  • SHARE

Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia.

“China is the black hole in this shipping crisis — all the carriers are headed there,” said Lee, owner of Dongkwang International Co. in Busan. The firm makes about 20 billion won ($17.60 million) in annual revenue.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)