HMM (Hyundai Merchant Marine), South Korea's biggest container carrier, will provide shipping services to North America for agricultural exporters amid rising demand, reports Yonhap News Agency.
Under the agreement, HMM will offer 265 TEU of cargo space for agricultural and fishery products every month, according to the Ministry of Agriculture, Food and Rural Affairs.
The shipping service is expected to begin Saturday. The move came as South Korean exporters have been facing tight shipping services amid the recovery of the global economy.
South Korea's exports of agricultural and fishery products came to US$5.4 billion in the first half of 2021, up 15 per cent from a year earlier.
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