Busan Port ranks second in the world by running 268 regular cargo services

Busan Port Authority stated that regular container cargo services calling at Busan Port on a weekly basis increased five times to 268 as of February 2019, the company said in its release.
 
The figure was based on the database q-from the global analysing institute, Alphaliner.
 
The number of weekly cargo services was 257 in 2015, 268 in 2016, but decreased to 253 in 2017 due to the bankruptcy of Hanjin Shipping. However, it rose to 263 in 2018 q-and is fully recovered this year reaching 268 services.
 
When compared to adjacent ports, the number of services in Singapore is 333, Shanghai 256, Shenzhen is 229, Hongkong is 204, q-and Ningbo is 170. Singapore Port q-and Busan Port ranked the first q-and second in the world.
 
The number of Korea’s sea flag carriers q-and foreign-flag vessels is also increased to 129 q-and 127 respectively. Co-operating shipping route, however, is decreased to 12.
 
Region by region, Japan accounts for the most, 73 services followed by SE Asia(50), China(46), North America(41), Europe(16), South America(12), Russia(8), India(7), Oceania(7), ME(6) q-and Africa(2).
 
While services of Japan(6), China(4), South America(2), Oceania(1), ME(1) q-and India(1) were increased, those of SE Asia q-and North America were decreased to 8 q-and 2 respectively.
 
In particular, services of China, Japan, SE Asia q-and North America account for 78 percent of entire services at Busan Port. In this light, the connection between the East-West q-and oceangoing route which have most shipping alliances is on evident display.
 
In addition, the South-North route, including South America, ME q-and Oceania, was increased to 34 q-from 29 last year proving the bolstering status of Busan Port.