Hong Kong slid to fifth place in the global port rankings after another dismal year of declining volumes, with the east Chinese port of Ningbo-Zhoushan stepping into fourth spot.
Port of Busan
18 Jan 2016
South Korea’s port of Busan handled more than 10 million transshipment containers for the first time in its history last year moving the port closer to its goal of becoming the world’s second largest transshipment hub.
11 Jan 2016
Amid the backdrop of the global shipping downturn, South Korea’s Ministry of Oceans and Fisheries has decided to hold off on raising fees for using the country’s trading ports and plans to reduce port fees by 70 percent over the next three years.
30 Dec 2015
South Korea logistics company CJ Korea Express has sold 20 percent of its stake in its loss-making terminal in Busan port to a unit of China Shipping Group.
23 Dec 2015
Container transshipment volumes at the Port of Busan were up almost 10 percent in October as the South Korea hub steadily grows this transit cargo segment than accounted for 53 percent of its throughput during the month.
16 Dec 2015
The port of Busan in South Korea saw a rise of over 9 percent in its transshipment container throughput in the month of October as its continued growth in the segment erased losses in gateway volumes.
16 Nov 2015
The Busan Port Authority expects 2015 container throughput to grow by around 5 percent, in which case total full-year throughput volume would rise to more than 19.6 million 20-foot-equivalent units.
09 Nov 2015
South Korea carrier Hanjin Shipping has offloaded its stake in its Busan terminal operations as it continues with efforts to bolster liquidity.
25 Sep 2015
The long-stalled Phase 2-4 of the Busan New Port is getting back in motion with the submission of applications to begin reclamation works, South Korea's Ministry of Oceans and Fisheries (MOF) announced Thursday.
03 Aug 2015
Woo Ye-jong has been tapped to lead the Port of Busan in its effort to become an even larger transshipment hub, succeeding Lim Ki-tack who has been elected as the International Maritime Organization's next secretary-general.
22 Jul 2015
The first half of 2015 brought seven new services to Busan’s youngest terminal and an additional 1 million 20-foot-equivalent unit containers through South Korea’s largest marine gateway, port officials said Wednesday.
30 Jun 2015
As part of Busan’s larger effort to shore up its transshipment business amid fierce competition, the Korean government has announced plans to demolish an island to allow it to better handle mega-ships.