Shanghai and Tianjin are the major ports for the Group A consortium to which Hanjin belongs. Other ports also serviced by the consortium include Dalian and Qingdao. Hanjin has also set up a subsidiary in Shanghai. But we still have a long way to go for completely free competition with our Chinese rivals. Two consortia comprising nine Korean shipping companies are presemtly operating container services on this route.
Demand varies according to port.
But demand on the Pusan-Shanghai route has only been increasing at the rate of approximately five per cent per year.