Prior to the collapse of the national shipping line, Busan was poised to supplant Hong Kong in global port rankings.
Port of Busan
29 Dec 2016
DP World increased its shareholding in the largest Busan container terminal.
25 Nov 2016
Collapse of Hanjin Shipping continues to take its toll on South Korea’s largest port.
15 Sep 2016
The Busan Port Authority will offer discounts to CKYE Alliance members in a bid to keep Busan’s cranes busy.
07 Sep 2016
The South Korean government is giving the port authorities of Busan and Yeosu Gwangyang millions of dollars in an effort to spur an early recovery of transshipment volumes from bankrupt Hanjin Shipping.
04 Sep 2016
Hanjin Shipping's collapse is having a heavy impact on South Korea's busiest container port.
30 May 2016
South Korea’s ports registered declines in throughput in container and overall tonnage volumes in April.
29 Mar 2016
Busan Port Authority, the operator of the port of Busan, the world’s sixth-largest container port, is planning to invest in overseas port and logistics facilities as a key strategy that will help define the future of the South Korean port.
28 Mar 2016
Hyundai Merchant Marine is selling its stake in the Busan New Port in an effort to stave off bankruptcy ahead of this year’s maturation of debts valued at 382 billion South Korean won ($334 million) with another 606 billion won due in 2017.
27 Jan 2016
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.
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.
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