Korea Shipping Partnership (KSP), a quasi-alliance of South Korea’s liner and feeder operators, are seeking arbitration with regard to Busan Port Authority’s request that the carriers bear additional costs of KRW4.6 billion (US$3.76 million) for operating the multi-purpose terminal in Busan New Port for the past year.
KSP said on 1 June 2020 that it had requested mediation from the Korea Commercial Arbitration Board.
While additional equipment was installed at the terminal, cargo volumes were...
https://container-news.com/south-korean-liner-alliance-in-dispute-with-busan-port-authority/