Gwangyang port

Sinokor unit to develop logistics base in Gwangyang

Sinokor Merchant Marine’s logistics subsidiary Kookyang Logitech is investing US$38 million to develop a logistics facility in South Korea’s second-busiest container port, Gwangyang.

Founded in 1998, Kookyang Logitech operates logistics facilities at five South Korean ports and two inland bases. In February, Yeosu Gwangyang Port Authority selected Kookyang Logitech as the preferred bidder to operate a logistics facility in the western hinterland.

Kookyang Logitech expects to generate additional...

https://container-news.com/sinokor-unit-to-develop-logistics-base-in-gwangyang/

SM Line to offload Gwangyang terminal to CJ Corporation

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/

South Korea’s container ports secure additional storage sites

The Ministry of Oceans and Fisheries of South Korea said on 7 February 2020 that alternative container storage sites have been secured, alleviating the increasing burden on the country’s ports, amid the novel coronavirus outbreak.

Anxious governments have taken drastic action by quarantining ships arriving from China. The usual post-Lunar New Year lull has also seen liner operators reducing their sailings. This has resulted in shipments to and from China being delayed.

Busan, Incheon and...

https://container-news.com/south-koreas-container-ports-secure-additional-storage-sites/

HMM changes terminals in Gwangyang port

Hyundai Merchant Marine is expected to shift its cargo handling in Gwangyang port, from Hutchison Ports’ terminal, to Gwangyang West Container Terminal (GWCT).

South Korea’s flagship container carrier is strengthening its collaboration with compatriot feeder operator Sinokor Merchant Marine, which has been using GWCT, which is operated by a wholly-owned subsidiary of South Korean chaebol CJ Corporation.

The company operating the Hutchison terminal, Korea International Terminals Ltd, is a joint...

https://container-news.com/hmm-changes-terminals-gwangyang-port/