A man stands in front of shipping containers at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea, September 7, 2016. United Parcel Service Inc said on Thursday it is seeing a bump in demand for its freight services and is working with customers in Asia to shift goods from Hanjin containers to other ocean freight operators or air freight services. Hanjin would normally pay the fees for port usage and container handling as part of its freight services. "We believe that (the Hanjin collapse) will likely increase our short to medium term ocean freight costs which will minimally impact product cost in all of our operating segments to varying degrees. Container freight charges have more than doubled since May and could appreciate further, the agency said.

Source: Thanhnien News September 09, 2016 00:00 UTC