Marine and Shipbuilding Monthly Journal
Seoul Ra-11997(ISSN: 2005-3061)



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    Busan Port Authority confident of reaching 20 million TEU throughput in 2016 and announces international business development initiative. [Jan 2016] Busan Port Authority(BPA) announces that it is on track to handle 20 million TEU of container cargo in 2016, which represents a 2.8% increase from 2015. In light of a sluggish shipping market and an average growth rate of around 4% seen
    ...................................................................................................................[Press releases 2015]
    Busan port names Woo Ye-jong as new CEO [Sep 2015] The Busan Port Authority (BPA) - the 6th largest container port in the world - announces Mr Woo Ye-jong as its new CEO. The appointment was made by the Korean Ministry of Oceans and Fisheries and Mr Woo was selected for his extensive experience in the maritime and shipping industries during his lengthy career in government.
    Korea unveils plans to create major trans-shipment port at Busan [Jul 2015] Busan Port aims to handle 13 million TEU of trans-shipment cargo by 2020 ranking it number two in the world. The Korean Ministry of Ocean and Fisheries together with the Busan Port Authority announces a long-term vision and strategy to develop Busan Port into a global trans-shipment hub port.
    Busan Port unveils plans to fuel booming cruise sector [Jun 2015] In response to Northeast Asia’s rapidly growing attractiveness as a cruise destination, the port of Busan (S Korea) is bringing new facilities on-stream this year and has unveiled plans for further developments in the future. In September, the port will officially open a new cruise terminal to complement the current facility - Yeongdo Cruise Pier, opened in 2007
    Busan port unveils port expansion plans [Apr 2015] The Korean government has announced plans to add a further 15 berths to its flagship Busan New Port in the south of the country to increase container capacity by 15.8 million TEU. The new facilities will be a mix of container terminals, feeder terminals and multi-purpose terminals and work will begin in stages based on actual cargo demand and under the coordination of central government.
    Busan port on track to handle 20 million containers in 2015 [Feb 2015] Despite the challenges faced by the global shipping markets coupled with intense competition among ports in Northeast Asia, the Busan Port Authority (BPA) - responsible for port operation and management in Busan ? chalked up some impressive achievements in 2014 and is looking forward to more growth in 2015.
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