News
In November 2010, a total of 1.653 million TEUs of containers were handled at South Korean ports, according to the country’s Ministry of Land, Transport and Maritime Affairs (MLTM).
They represented a notable improvement of 10.4% from November 2009 and 23.6% from November 2008, when freight movement diminished significantly due to the global recession.
As a consequence, South Korean ports processed 17.602 million TEUs of containers in total from January to November, an increase of 19% year on year.
If the container lifting continues to grow as briskly in December, the MLTM anticipates that it will exceed 19 million TEUs on a full-year scale.
In breakdown, 1.06 million of export and import containers were handled in November, up 12.9% from a year earlier, and 555,000 TEUs of transshipment containers, up 6.4%.
By individual port, 1.218 million TEUs were transported to and from Busan, up 12.5%.
Transshipment containers increased 9.4% to 534,000 TEUs due to improvements in freight movement to and from Russia and in container volumes moved by Hanjin Shipping, Hyundai Merchant Marine (HMM) and other major shipping lines.
Kwangyang was responsible for 161,000 TEUs, which was a minute fall of 0.7 percent from November 2009, but on a cumulative scale, the port processed 1.886 million TEUs from January to November, up 15.3%.
It is expected the throughput will reach the two-million-TEU line around Dec. 20.
In November, 167,000 TEUs of containers were transported to and from Inchon, up 5%, and in the first 11 months, 1.7 million TEUs, up 19.8%.
