South Korean liner operator SM Line Corporation is planning to sell its terminal in Gwangyang port to Gwangyang West Container Terminal (GWCT), a subsidiary of compatriot conglomerate CJ Corporation.
The planned sale is part of a push by the private sector to consolidate container terminals, as the government has expressed concern of an oversupply due to flat cargo growth. Regulated by Yeosu-Gwangyang Port Authority, Gwangyang is South Korea’s second-busiest container port after Busan.
SM Line,...
https://container-news.com/sm-line-to-offload-gwangyang-terminal-to-cj-corporation/