Update on the Busan New Port: Current and Future Traffic Conditions
Since the opening of its first three container berths in January of this year, the
Port officials project a total of 900,000 TEUs (twenty-foot equivalent units or port containers) to be handled this year, increasing to 3 million in 2008 when a total of 18 berths will be completed. By 2011, when the entire port is expected to be finished, the
Currently, MSC Line of Switzerland has been visiting the new facilities twice a week and two additional lines scheduled to be making regular stops will be announced soon.
With a high-tech management system, services are fast and efficient. Ships will have a berthing time of less than 14 hours and a truck residence time of less than 20 minutes.
As has been announced earlier, Dubai Port World is involved in the management of the
The Authority also continues to market the Busan New Port to major shipping lines in cooperation with the Ministry of Maritime Affairs and Fisheries, Busan Port Authority and Pusan New Port Company.
In the meantime, bidding for space within the
With so much progress taking place within its first four months of existence, the
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