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2011 January 27   10:34

S.Korean ports' container volume soars to record high

Sout Korean port's container throughput rose by 18.3% year-over-year to record 19.329 million TEUs (versus 6,341m TEU in 2009). This is a 7.8 percent gain from 2008’s figures, the Ministry of Land, Transport and Maritime Affairs press release said.
 
Exports and imports increased by 18.9% to12.333 million TEUs, transshipment cargoes totaled 6.619 million TEUs, a 15.7 percent growth year-over-year.
 
Short sea trade cargo surged by 48.5% to 376,000 TEU thanks to the efforts to promote coastal shipping for green growth.

In the reporting period Busan Port’s cargo throughput increased by 18.4% to 14,18 million TEUs in 2010. With increased coastal shipping services such as Busan-Pohang route, etc., Pusan port handled 73.6% of total container traffic, a 0.3-percent gain compared to 2009.
 
Gwangyang Port demonstrated a 14.1 percent growth to 2,066 million TEUs in 2010. This is over 2 million TEUs in 12 recent years.
 
Freight traffic passing via Incheon Port in 2010 increased by 19.6% from a year earlier, to 1,887 million TEUs. As a key national port in the Seoul Metropolitan Area Incheon Port enables 96.4% of export/import flows.
Trade flows in December 2010 rose by 10.8% compared to the same month of 2009, to 1.718 TEUs, which is over the highest monthly record set in May 2010, 1.716 million TEUs.
 
The Ministry officials expect container traffic to reach 20 million TEUs in 2011.

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