Maersk Line will migrate to DP World-operated Pusan Newport Co (PNC), cementing the South Korean port as one of the key trade gateways for North East Asia.
Maersk Line currently calls with ten services in Busan North port; eight services will migrate to PNC and two joint services will remain at Busan North Port. The move will boost PNC’s volume by more than 700,000 TEU per year.
PNC also expects a rapid increase in the number of common feeders calling at PNC to service the substantial new volumes of Maersk Line and the main line services already committed to the facility. These include CSAV, ZIM, Emirates and United Arab Shipping Company.
New logistics facilities recently opened in the support area bordering the terminal have also boosted its existing capability to support the growth of the main line and feeder operators. Kyu Sun Park, President of Maersk Line Korea said: “We are pleased to be one of the first users of the most modern facility in North East Asia. Our move to PNC will accelerate the faster activation of Busan New Port area and we hope this will be a meaningful move in support of the Korean government effort of making Busan one of the major hub ports in North East Asia.”
He added that Maersk expects this will also help ease congestion in the North port, and will eventually assist the re-development plan of the old port area.
PNC managing director Patrick Bol said that the increased mainline volumes will attract feeders to call directly at PNC, increasing transhipment activity.
“This is only the start,” said Bol. “There are more shipping lines to follow - in 2009 Hanjin and Hyundai will move to adjacent Newport terminals, further accelerating the Busan cargo gravity shift to the West.”
Maersk Line currently calls with ten services in Busan North port; eight services will migrate to PNC and two joint services will remain at Busan North Port. The move will boost PNC’s volume by more than 700,000 TEU per year.
PNC also expects a rapid increase in the number of common feeders calling at PNC to service the substantial new volumes of Maersk Line and the main line services already committed to the facility. These include CSAV, ZIM, Emirates and United Arab Shipping Company.
New logistics facilities recently opened in the support area bordering the terminal have also boosted its existing capability to support the growth of the main line and feeder operators. Kyu Sun Park, President of Maersk Line Korea said: “We are pleased to be one of the first users of the most modern facility in North East Asia. Our move to PNC will accelerate the faster activation of Busan New Port area and we hope this will be a meaningful move in support of the Korean government effort of making Busan one of the major hub ports in North East Asia.”
He added that Maersk expects this will also help ease congestion in the North port, and will eventually assist the re-development plan of the old port area.
PNC managing director Patrick Bol said that the increased mainline volumes will attract feeders to call directly at PNC, increasing transhipment activity.
“This is only the start,” said Bol. “There are more shipping lines to follow - in 2009 Hanjin and Hyundai will move to adjacent Newport terminals, further accelerating the Busan cargo gravity shift to the West.”