Evergreen Marine said it was considering moving some freight services from Pusan in South Korea to ports on the Chinese mainland. The world's third biggest shipping company explained that it had become concerned about the bad weather and frequent strikes in Pusan.
A withdrawal would be a major setback for Pusan, which this year ceded to Shanghai its position as the world's third biggest port. The Shanghai Port Authority said it handled 5.2m teu in the first half of this year, a year-on-year increase of 36 per cent. The full-year figure is expected to rise to more than 10m teu. In the longer term the Yangshan deepwater port, due to open in 2010, will bring the city's annual capacity to 25m teu.