Busan New Port

DP World invests US$50 million in new logistics centre in South Korea

DP World has announced a US$50 million investment to develop a new logistics centre in South Korea’s Busan New Port.

The construction works on the 75,000m² land are expected to commence at the end of 2024, with operations anticipated to start by the second quarter of 2026.

The DP World Busan Logistics Centre (BLC) will have the capacity to process nearly 80,000 TEUs of cargo per year by 2028 and offer comprehensive value-added logistics services such as assembly, processing, and packaging to...

https://container-news.com/dp-world-invests-us50-million-in-new-logistics-centre-in-south-korea/

Daewoo Logistics opens storage container yard in Busan

Daewoo Logistics will open a container yard catering to Busan New Port on 24 August, capable of handling 3,580 TEU daily.

Due to ongoing logistical bottlenecks, Busan New Port’s current storage facilities have been stretched, necessitating the creation of makeshift storage in other areas within the compound.

The 45,608-square metre facility is located in Jinhae district in Changwon in South Gyeongsam province. The Busan-Jinhae Economic Free Economic Zone is a logistics hub in northeast Asia.

Daewoo...

https://container-news.com/daewoo-logistics-opens-storage-container-yard-in-busan/

Dongwon Global Terminal selects CyberLogitec’s terminal operating system

The terminal operator Dongwon Global Terminal (DGT) has selected CyberLogitec’s terminal operating system (TOS) for its fully automated Busan New Port (South Korea) terminal.

DGT Consortium has operated the West Container harbour in Busan New Port since 2021 and will be on a 30-years operation contract from July 2023, which is the 2nd to 5th operation phase of the west container harbor. The operating company will operate the terminal with six berths by integrating the 2nd to 5rh phase, 2nd to...

https://container-news.com/dongwon-global-terminal-selects-cyberlogitecs-terminal-operating-system/

Busan to get more container storage as US West Coast congestion spills over

Busan is becoming increasingly congested and the lack of storage space for export-bound containers in South Korea’s main container port has made officials create temporary storage from the hinterland of the West Container Port in Busan New Port.

Outbound containers are usually moved into yards in the port to await loading. However, worsening congestion in the US West Coast ports has disrupted shipping schedules and high volumes of transhipped cargoes from China have meant a relentless arrival of...

https://container-news.com/busan-to-get-more-container-storage-as-us-west-coast-congestion-spills-over/

Feeder terminal to open in Busan New Port in 2025

Busan New Port will build a dedicated feeder terminal as part of the development of its west container pier.

Ships calling at Busan New Port are mainly larger vessels (Panamax and above) operated by mainline operators. On the other hand, feeder vessels call at Busan North Port, which is some distance from Busan New Port.

This means that transhipment involves additional trucking costs. It is hoped that the feeder terminal, upon completion in 2025, will reduce logistics costs and therefore, improve...

https://container-news.com/feeder-terminal-to-open-in-busan-new-port-in-2025/

Busan Port operators lock in business with an eye to future competition

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/

Konecranes secures Busan’s new order

The HDC Hyundai Development Company of Korea has ordered a fleet of 28 Konecranes Noell Sprinter Carriers for Busan New Port 2-4 in Busan, Korea.

The Sprinter Carriers on order, which will be delivered as part of the port’s expansion project 2-4, are man-driven, diesel-electric machines stacking containers 1-over-1 as part of swift container transfer between the quayside and container yard.

The order was booked in August 2020 and will be delivered in three batches starting at the end of 2021 and...

https://container-news.com/konecranes-secures-busans-new-order/

Subsidised container inspections for South Korean SMEs

Korea Customs announced on 17 June 2020 that the government will subsidise the cost of inspecting import and export containerised cargoes to help small and medium enterprises (SME).

Effective 1 July, the subsidies are to help SMEs struggling with reduced shipment volumes during the Covid-19 pandemic.

Announcing the subsidies during an inspection at Busan New Port, Korea Customs commissioner Roh Seok-whan said, “The subsidies will be supported by a budget to enhance the vitality of SMEs that are...

https://container-news.com/subsidised-container-inspections-for-south-korean-smes/

HMM Oslo heads for Europe with a full load

HMM Oslo, the company’s second 24,000TEU ship, has left for Europe, according to a company statement on 31 May, with all its slots full, repeating a feat achieved by sister vessel HMM Algeciras.

HMM Oslo began service on 11 May, loading containers in Busan New Port, Hyundai Pusan Newport, before moving on to Shanghai, Ningbo and Yantian in China. The ship then moved to Singapore before departing for Europe on 28 May.

HMM Oslo loaded 19,504TEU altogether. The company’s first 24,000TEU ship, HMM...

https://container-news.com/hmm-oslo-heads-for-europe-with-a-full-load/

Busan-Jinhae FEZ expanded with Busan New Port

Busan has been made the largest free trade port in South Korea, after more territory was added to the existing Busan-Jinhae free economic zone (FEZ) in the country’s busiest container port.

The Ministry of Oceans and Fisheries (MOF) announced on 6 April 2020 that the container terminals of Busan New Port, and the adjacent hinterland, would be included in Busan-Jinhae FEZ. This will mean that the new Busan-Jinhae FEZ, which was originally designated in 2003, will have a total area of 12.2 million...

https://container-news.com/busan-jinhae-fez-expanded-with-busan-new-port/

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