Port of Busan

Record cocaine haul in Busan port

More than 700 kilos of cocaine were seized on 10 May by Korea Customs from a container on a ship operated by Hapag-Lloyd, making it the largest haul of the drug in South Korea’s Busan port.

Korea Customs announced on 12 May that 720 kilos of cocaine with a street value of KRW 360 billion (around US$255 million) was confiscated after its inspectors boarded the vessel shortly after it arrived in Busan North Port on 10 May.


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https://container-news.com/record-cocaine-haul-in-busan-port/

Busan to test out “smart” container to nip lithium-ion battery fires

Municipal authorities in the South Korean port city of Busan have designed a flame-retardant and insulated container to ensure that lithium-ion batteries can be transported safely, considering the fire risks of such batteries.

This project was promoted through South Korea’s Ministry of Science and ICT’s scheme to develop technologies to solve business challenges.

Equipped with blockchain technology, the so-called “smart container” was a response to recent fires on container ships where...

https://container-news.com/busan-to-test-out-smart-container-to-nip-lithium-ion-battery-fires/

Busan Demonstrates Resilience Amid Taiwan Strait Turmoil

The Taiwan Strait serves as a vital corridor for East-West trade, facilitating a substantial portion of global commerce.

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https://container-news.com/busan-demonstrates-resilience-amid-taiwan-strait-turmoil/

South Korea to invest nearly US$10 billion in Busan Port

South Korea’s government will invest 14 trillion won (around US$10 billion) in Busan Port upgrades through 2045, aiming to achieve the world’s largest container handling capacity.

Under the plan, South Korea will build a new port in Changwon, near Busan, integrating it with the existing Busan Port to create a unified “mega port” with double the current cargo handling capacity, according to South Korea’s Ministry of Oceans and Fisheries.

“Amid the relocation of production facilities due to the...

https://container-news.com/south-korea-to-invest-nearly-us10-billion-in-busan-port/

South Korea calls time on its first container pier

Busan Port’s Jaseongdae Pier, South Korea’s very first all-container wharf, will cease operations after 46 years.

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Martina Li
Asia Correspondent


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https://container-news.com/south-korea-calls-time-on-its-first-container-pier/

INTERGIS orders Konecranes harbor crane for Port of Busan

INTERGIS has placed an order for a Konecranes Gottwald ESP.5 Mobile Harbor Crane to enhance cargo handling capabilities and reduce emissions at the Port of Busan in South Korea.

This Generation 6 machine will augment INTERGIS’ current fleet amid significant port redevelopment efforts. Scheduled for delivery in early 2025, the crane aims to support increased bulk and general cargo traffic while promoting environmental sustainability in one of South Korea’s key logistical hubs.

“The Port of Busan...

https://container-news.com/intergis-orders-konecranes-harbor-crane-for-port-of-busan/

South Korea’s Busan Port boosts container capacity with new automated terminal

South Korea’s Busan New Port has launched a seventh container terminal extending its box capacity.

The terminal’s opening ceremony was held on 5 April and was attended by South Korea’s President Yoon Suk Yeol, who lauded the facility as a milestone in turning Busan Port into a world-class smart port and hub for global logistics.

The new facility is the first fully automated terminal in the country featuring remotely controlled ship-to-shore cranes, which were built in South Korea. The automated...

https://container-news.com/south-koreas-busan-port-boosts-container-capacity-with-new-automated-terminal/

Ports of Kaohsiung and Busan ink sister port deal

The ports of Kaohsiung and Busan signed a sister port agreement in a ceremony on 29 August at the headquarters of the Busan Port Authority (BPA) in South Korea.

Taiwan International Ports Corporation (TIPC) vice president & Port of Kaohsiung CEO Chin-jung Wang and BPA vice president Ja-Rim Koo signed the deal, which was witnessed by TIPC chairman Hsien-yi Lee, BPA president Joon-Suk Kang, and Taipei Mission in Korea (Busan Office) director Cheng-kai Kuo.

TIPC chairman Lee said the new sister port...

https://container-news.com/ports-of-kaohsiung-and-busan-ink-sister-port-deal/

Busan Port develops monitoring technology to prevent container stack collapses

Busan Port Authority has worked with South Korea’s Ministry of Science and Information and Communication Technologies (ICT) to develop a technology to monitor container loading and sorting to prevent stored containers from falling over in strong winds.

The technology uses intelligent closed-circuit television (CCTV) and lidar sensors to shoot corner castings adjacent to upper and lower containers, and applies artificial intelligence learning techniques such as deep learning to “normal” (green),...

https://container-news.com/busan-port-develops-monitoring-technology-to-prevent-container-stack-collapses/

KOBC develops container trade freight index on sea routes from Korea

South Korean ship finance institution Korea Ocean Business Corporation (KOBC) is piloting a container freight index to provide a guideline on the costs of moving goods from Busan, the country’s main container port.
Planning for the KOBC Container Composite Index (KCCI) began back in July 2020, when freight rates began ascending rapidly because of Covid-19-related logistical bottlenecks.
KOBC said: “As a result of analysing data accumulated for more than a year, meaningful …

The post KOBC...

https://theloadstar.com/kobc-develops-container-trade-freight-index-on-sea-routes-from-korea/

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