South Korea port cargo volume rises 3.5% in first half of 2012
Statistics released by the Ministry of Land, Transport, and Maritime Affairs of the Republic of Korea (MLTM) show that the Korean national ports have seen a cargo volume growth in the first six months of the year.
The volume handled at the 31 trade ports nationwide equated to 668,350,000 tons, which is a 3.5% increase compared to the same period last year (645,700,000 tons).
Additionally, the container volume grew at Korean ports 6.3%, as a total of 11,210,000 twenty-foot equivalent units (TEUs) were handled in the first half of 2012.
The nation’s largest port, the Busan Port, handled the majority of the cargo, by moving 8,530,000 TEUs, an 8.4% growth from the same period last year. This total averages out to over 1,400,000 TEUs handled per month.
At the Gwangyang Port, a total of 1,060,000 TEUs were handled in the first half of the year, while the Incheon Port saw a total of 958,000 TEUs.
Presently, the Busan Port is the world’s fifth busiest port, behind the ports in Shanghai, Singapore, Hong Kong, and Shenzen.