SOUTH Korea’s Busan Port – once the fifth-largest port in the world – handling over three-quarters of the nation’s imports and exports – is currently experiencing a crisis, according to South Korea’s Chosun Daily. This is due to the decision made by the new shipping alliance Gemini, which is set to be formed in February by Denmark’s Maersk and Germany’s Hapag-Lloyd, to drop Busan and Taiwan’s Kaohsiung on their Asia-Europe route. Busan will only be used for cargo transfers to hub ports in...
https://www.seanews.com.tr/busan-risks-losing-hub-port-status-with-new-alliance/200513/