News
South Korea’s Ministry of Oceans and Fisheries unveiled on March 24 that trade ports in the nation handled 111.88 million tons of containers in total in February, which decreased 0.4% from the corresponding month of last year. Containers increased 1.6% to 1.98 million TEUs, of which exports and imports were brisk, growing 2.9% to 1.11 million TEUs. Transshipment (T/S) containers rose a milder 0.3% to 880,000 TEUs.
By port, Busan was responsible for 1.564 million TEUs last month, which rose 1.8% year on year, helping the port exceed Hong Kong, which processed 1.213 million TEUs, and become the world’s fifth busiest container port. Container lifting hiked 4% to 173,000 TEUs at Kwangyang; on the other hand, throughput was not as robust at Inchon, to and from which 166,000 TEUs were moved, down 3.4%.
