Operators of two container terminals in Busan New Port have secured volumes from the container shipping alliances for at least the next five years, in anticipation of enhanced competition when more piers in the port open.
THE Alliance, which consists of Hapag-Lloyd, ONE, Yang Ming and HMM, has signed a contract with Hanjin Busan Newport Company (HJNC), which operates Pier 3 of Busan New Port. HJNC is expected to handle 3 million TEU of the 6.2 million TEU that THE Alliance roughly handles...
https://container-news.com/busan-port-operators-lock-in-business-with-an-eye-to-future-competition/