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South Korean ports post Q1 throughput growth

4/29/2010 10:09:49 AM

Port shipments handled at 29 trading ports in South Korea in the first quarter of 2010 rose 12.3 percent from the same period a year before to 281 million tonnes, the Maeil Business Newspaper reported.

Pyeongtaek-Dangjin Port saw a 59 percent increase on the back of Hyundai Steel's operation; the Port of Busan and the Port of Gwangyang posted increases of 26.7 percent and 16.8 percent, respectively.

Also, container throughput in the first quarter of 2010 registered a 23.9 percent year-on-year increase to 4.437 million TEUs.

The Port of Busan, of which container throughput accounts for 74 percent of the nation's total volume, grew 21.3 percent to register a container throughput of 3.26 million TEUs. Incheon Port and the Port of Gwangyang reported increase of 38.9 percent and 28.5 percent, respectively.

 

Cargonews Asia

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