Pusan Newport attracts CSAV, setting it on track to becoming a hub port
DP World's Pusan Newport Co (PNC) has announced that a Latin American-based shipping company will start calling at its marine terminal in Busan New Port in South Korea.
CSAV plans to migrate its Andex service and Pacar service from Busan Old Port to PNC. The shipping line will bring a total of 80,000 TEU per year to the terminal. The move is expected to take place early next month.
CSAV's transfer of services to PNC is significant for Busan Newport as it is building a reputation for the port to be a gateway for North East Asia.
Busan New Port's standing will be further boosted by the new Hanjin facility, which is scheduled to open at the start of 2009 and bring an additional 1.8 million TEU in capacity to the hub. This will be followed by Hyundai's new facility, which is expected to raise the capacity of the hub by a further 1.7 million TEU.
CSAV joins other large container shipping companies, such as United Arab Shipping Company and ZIM, which call at PNC, a statement from DP World said.
Patrick Bol, executive managing director of DP World Korea/PNC said: "We are delighted that CSAV has decided to move most of their vessel services to PNC. It is a clear acknowledgement of the excellent service and level of productivity that we have been able to provide."
PNC is located within a 20-minute drive to the west of Busan (Gimhae) Airport. PNC is constructing 3.2 kilometres of straight quay wall, with nine berths. The building work is said to be progressing as planned. The first 1.2 km of quay was opened in January 2006, making PNC the largest container terminal in Korea with a two-kilometre stretch of quay and an annual capacity of 3.6 million TEU.
By the time the development of the terminal is completed in May 2009 the capacity will grow to 5.5 million TEU and cater for the new mega-containerships. The terminal will also feature two on-dock rail facilities allowing cargo to flow directly into Seoul. The New Port area is forecast to become a gateway hub of Northeast Asia because of its strategic location between Japan and Northeast China.
In addition, a total of 4.08 million square metres of terminal and logistics support facilities have been designated as a Free Trade Zone adjacent to PNC, which will encompass international facilities for integrated logistics and affiliated industries.
PNC is a joint venture between DP World (39.55 per cent), Samsung (25 per cent), Hanjin (10.22 per cent), Hyundai (9.28 per cent), Kumho (6.95 per cent) and KCTA (nine per cent).
CSAV plans to migrate its Andex service and Pacar service from Busan Old Port to PNC. The shipping line will bring a total of 80,000 TEU per year to the terminal. The move is expected to take place early next month.
CSAV's transfer of services to PNC is significant for Busan Newport as it is building a reputation for the port to be a gateway for North East Asia.
Busan New Port's standing will be further boosted by the new Hanjin facility, which is scheduled to open at the start of 2009 and bring an additional 1.8 million TEU in capacity to the hub. This will be followed by Hyundai's new facility, which is expected to raise the capacity of the hub by a further 1.7 million TEU.
CSAV joins other large container shipping companies, such as United Arab Shipping Company and ZIM, which call at PNC, a statement from DP World said.
Patrick Bol, executive managing director of DP World Korea/PNC said: "We are delighted that CSAV has decided to move most of their vessel services to PNC. It is a clear acknowledgement of the excellent service and level of productivity that we have been able to provide."
PNC is located within a 20-minute drive to the west of Busan (Gimhae) Airport. PNC is constructing 3.2 kilometres of straight quay wall, with nine berths. The building work is said to be progressing as planned. The first 1.2 km of quay was opened in January 2006, making PNC the largest container terminal in Korea with a two-kilometre stretch of quay and an annual capacity of 3.6 million TEU.
By the time the development of the terminal is completed in May 2009 the capacity will grow to 5.5 million TEU and cater for the new mega-containerships. The terminal will also feature two on-dock rail facilities allowing cargo to flow directly into Seoul. The New Port area is forecast to become a gateway hub of Northeast Asia because of its strategic location between Japan and Northeast China.
In addition, a total of 4.08 million square metres of terminal and logistics support facilities have been designated as a Free Trade Zone adjacent to PNC, which will encompass international facilities for integrated logistics and affiliated industries.
PNC is a joint venture between DP World (39.55 per cent), Samsung (25 per cent), Hanjin (10.22 per cent), Hyundai (9.28 per cent), Kumho (6.95 per cent) and KCTA (nine per cent).