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EUKOR to open Incheon-Yangon used cars export service

EUKOR to open Incheon-Yangon used cars export service
EUKOR Car Carriers Inc will start a direct line connecting Incheon, South Korea to Yangon, Myanmar from 20 April this year, to faciliate the export of Korean used cars.

EUKOR plans to deploy ships with capacity to load 5,500 cars more than once a month, and may increase the frequency of the shipping services depending on the trade volume, according to Incheon Port Authority (IPA).

Last year, Incheon port saw 187,168 units of used cars shipped out as the port plays a vital role in used car exports, handling around 90% of the total volume of South Korea’s used car exports.

“The current export of used cars to the South Asian country (Myanmar) stands at just a little more than 2% with 5,117 cars in 2014 and 3,760 cars in 2015. The launching of the non-stop services, however, would help increase the export from Incheon port to Myanmar,” IPA said.

“Noting that the export of used cars was done through transhipments in Singapore or Japan, the port authority expects the launch of regular direct carrier service system to lower the logistics costs and help boost the country’s export of used cars to Myanmar,” the port authority added.