Port of Busan

Port of Busan

Russia Trans-Siberian Railroad.
02 Oct 2018
The new route connects the South Korean port of Busan and Russia’s port of St. Petersburg and involves the port of Vladivostok as a transit hub and then the Trans-Siberian Railway to move container cargo to Russia and other European destinations.
27 Dec 2017
Busan is the world’s second-busiest transshipment hub.
Port of Shanghai
10 Aug 2017
It is Shanghai’s seventh year atop the rankings.
26 May 2017
Prior to the collapse of the national shipping line, Busan was poised to supplant Hong Kong in global port rankings.
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.
The South Korean government hopes new programs and more funding for existing initiatives will help the ports of Busan and Gwangyang, pictured, recover from the fallout of Hanjin Shipping's collapse.
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.
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.
07 Jun 2015
Pyeongtaek-Dangjin has a thriving automotive trade and aims to knock Busan out as South Korea’s busiest gateway for vehicle volume.
New Port Terminal in Busan, South Korea
09 May 2015
South Korea's Busan port is consolidating its position as northeastern Asia’s transshipment hub.
02 May 2015
A deeper channel and additional berths will help South Korea's Busan Port Authority keep up with rising container volumes and bigger box ships.
08 Apr 2015
The Port of Busan is a step closer to reaching its goal of 20 million TEUs this year after handling a monthly record number of transshipment volume in February.
17 Mar 2015
Three carrier alliances are launching Asia-U.S. East Coast services that will increase capacity on the route by 6 percent, according to industry analyst Alphaliner.
Hanjin terminal in Port of Busan
27 Feb 2015
The Port of Busan plans to handle 20 million TEUs this year after posting record volume in 2014, mainly because of healthy transshipment traffic.
12 Dec 2014
The container throughput counter at Ningbo-Zhoushan port clicked over to 20 million TEUs at midnight last night, effectively sealing its place as the world’s fifth busiest container port and relegating Korea’s transshipment hub Busan to sixth place.
23 Oct 2014
Ningbo-Zhoushan, the fastest growing major Chinese container port, is on track to supplant Busan as the fifth-largest global container gateway, according to new statistics
29 Sep 2014
Busan Port handled 1.5 million 20-foot containers in August, its throughput growing 5.5 percent year-over-year on the back of strong transhipment volumes.
Yantian international container terminal. Photo: lzf / Shutterstock.com
10 Aug 2014
Asia’s ports reported strengthening of container throughput in the first half as the economic recovery of the U.S. and Europe drove up consumer spending and new export orders flooded into Chinese factories.
19 Jun 2014
The G6 and CKYHE alliances that were to have competed head on with the P3 Network may be feeling an easing of pressure after China’s shock rejection of the vessel-sharing agreement, but both are pushing ahead with the expansion of their networks.