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/

Port congestion balloons box rates on South Korea – Russia trade

The Japan International Freight Forwarders Association has announced that in 2021, container trade between South Korea and Russia has been sharply increased, mainly driven by the transportation of auto parts and components, as well as chemical products.

Containers were carried on the so-called Siberia Land Bridge (SLB) owing to shipping space shortages between Asia and Europe, according to JIFFA, while freight rates on the route also surged.

Containers moved from Busan to Vladivostok and...

https://container-news.com/port-congestion-balloons-box-rates-on-south-korea-russia-trade/

Top 10: The busiest container ports in Asia

The vast majority of the largest and busiest container ports in the world are located in Asia. The continent is a crucial part of the global supply chain, which has been proven during the Covid-19 period with local lockdowns in Asian ports affecting heavily the global trade.

Below, you can find the top 10 busiest container ports in Asia, based on container volumes handled in 2020.

  1. Port of Shanghai, China – More than 43.5 million TEU in 2020

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https://container-news.com/top-10-the-busiest-container-ports-in-asia/

Busan container terminal orders new Konecranes equipment

Busan New Container Terminal (BCNT) has ordered six Noell Sprinter Carriers from the port equipment manufacturing company Konecranes, to complement its existing fleet of 36 Sprinter Carriers.

Five of the machines on order were booked in June and one in September, while the order is estimated to be delivered to the North Korean port by June 2022.

BCNT ordered the Sprinter Carriers which are of the type NSC 424 E, to support a growing business as they play a critical role in transporting containers...

https://container-news.com/busan-container-terminal-orders-new-konecranes-equipment/

Ports of Busan and Barcelona strengthen logistics alliance

The ports of Barcelona and Busan have enhanced their logistics alliance, opening a new Korean logistics platform at the Logistics Activities Zone (ZAL) of the Spanish port.

The two partners have also signed an agreement for starting up the company that will manage and promote this platform.

In particular, the presidents of the two ports, Kang Joon suk (Busan) and Damià Calvet (Barcelona) have agreed to set up the company Business-to-Business (B2B) Logistics Busan & Barcelona hub S.L., which will...

https://container-news.com/ports-of-busan-and-barcelona-strengthen-logistics-alliance/

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/

HMM given until 1 September to settle labour dispute – More than half company’s seafarers to move to MSC

HMM’s seafaring union has given the management a week’s grace to see if a compromise to the impasse in their salary increment expectations can be reached.

This is even as more than half of the flagship South Korean liner operator’s offshore manpower have tendered their resignations to the union. Of HMM’s approximate 600 seafarers, 317 have resigned and are inclined to take up employment with MSC, which is offering a salary that is 2.5 times higher than what the South Korean operator is paying.

The...

https://container-news.com/hmm-given-until-1-september-to-settle-labour-dispute-more-than-half-companys-seafarers-to-move-to-msc/

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