Container shipping costs for U.S. west coast rise 7 pct in October
SEOUL, Nov. 15 (Yonhap) -- Container shipping costs from South Korea to the U.S. west coast gained 7.1 percent on-month in October, data showed Wednesday.
The average shipping cost for a 40-foot container for the route came to 4.38 million won (US$3,358) last month, compared with 4.09 million logged a month earlier, according to the data from the Korea Customs Service.
It marked the second on-month increase following 1.8 percent growth the previous month.
On an on-year basis, however, the costs dropped 58.6 percent in October.
The shipping expense from South Korea to the east coast of America inched down 1 percent on-month and that to the European Union slid 8.6 percent last month. The cost for China also sank 10.8 percent.
But costs for Japan and Vietnam advanced 10.3 percent and 1.9 percent, respectively.
The figures include freight rates, commissions and other charges reported by local exporters.
South Korean importers' average costs to ship a 40-foot container from the U.S. west coast and China jumped 19.4 percent and 3.5 percent, respectively, in October, while the expenses from the U.S. east coast dropped 11.5 percent and those from the EU tumbled 4.8 percent on-month, the data showed.
graceoh@yna.co.kr
(END)
-
NIS looking into N. Korea's suspected provision of weapons to Russia
-
(Yonhap Interview) Kang Kang-hoon's portrait saga: life seen through his daughter, cotton
-
Sneak peek of Art Busan shows strong emphasis on female trailblazers
-
N. Korea holds funeral for ex-propaganda chief Kim Ki-nam
-
BTS leader RM's new song tops iTunes charts in 82 countries
-
(Yonhap Interview) Kang Kang-hoon's portrait saga: life seen through his daughter, cotton
-
NIS looking into N. Korea's suspected provision of weapons to Russia
-
Sneak peek of Art Busan shows strong emphasis on female trailblazers
-
Yoon addresses wife's allegations, livelihood issues in somber, apologetic tone
-
Yoon's office vows to firmly respond to unfair treatment of S. Korean companies amid Japan's pressure on Naver
-
ADOR's vice chief sells Hybe shares ahead of audit: sources
-
(LEAD) N. Korea's Kim, daughter attend ceremony for new street in Pyongyang
-
U.S. has no choice but to 'double down' on deterrence due to N.K. unwillingness to talk: official
-
N. Korean leader inspects new tactical missile system
-
(LEAD) Yoon vows to run country 'rightly' on Buddha's birthday