News
Ports in South Korea handled a total of 109.5 million tons of shipments in May 2013, decreasing 5.3% year on year, according to the nation’s Ministry of Oceans and Fisheries.
The ministry announced on June 27 that container throughput fell 1.3% to 1.994 million TEUs due to a delay in the recovery of the European economy and decreases in freight movement to and from the U.S. and China.
Looking more closely at containerized shipments carried to and from South Korea during the month in question, exports and imports accounted for 1.195 million TEUs in total, going down 0.7%, and transshipment (T/S) cargoes, 787,000 TEUs, down 0.1%.
By port, Busan, the business container port in the nation, processed 1.504 million TEUs, declining 2.5% owing to, among other factors, contractions in containers to and from the U.S. and Europe as well as T/S shipments to and from China.
To and from Kwangyang, 191,000 TEUs were moved, which nearly unchanged.
Inchon enjoyed a favorable improvement of 8.4% by handling 189,000 TEUs, thanks to growth in shipments to and from China and Southeast Asian nations.
