South Korea’s shipping sector ranks among the world’s most vibrant, contributing significantly to global maritime trade, exceeding 10% of the total. Projections by the Korea International Trade Association anticipate a substantial 7.9% surge in exports, reaching $680 billion in 2024, accompanied by a 3.3% increase in imports during the same period.
The Group Vice President for Asia Pacific & Indian Subcontinent, Daniel Nordberg, underscores the promising growth potential of the Korean market. Collaborating with local partners for over three decades, the company has provided an extensive array of shipping and logistics services at South Korean ports.
Nordberg emphasizes the significance of establishing a new office in Seoul, reflecting a strong belief in the Korean market’s potential. With a longstanding presence in the Korean maritime landscape since 1985, the focus is on creating a more robust local presence to foster enduring customer relationships, enhance responsiveness to their requirements, and solidify its position as a prominent global provider of shipping services.
This expansion aligns with South Korea’s thriving shipping industry, highlighting the importance of strengthening local operations to meet the demands of this dynamic market.