News
South Korea’s Ministry of Oceans and Fisheries (MOF) recently unveiled that combined throughput (preliminary figures) at trade ports in the nation declined 1.5% year on year from 119.92 million tons to 118.17 million tons in February. Containerized shipments accounted for 2.173 million TEUs, which went up 9.4%, consisting of 1.212 million TEUs of export and import containers, up 9.8%, and 936,000 TEUs of transshipment (T/S) containers, up 22.1%.
By port, container lifting at Busan registered a double-digit increase of 10.1% to total 1.658 million TEUs. In breakdown, exports and imports swelled 6.7% to 767,000 TEUs in total, while T/S containers grew a notable 19.1% to 891,000 TEUs.
Kwangyang processed 180,000 TEUs, which expanded 8.4%. Export and import containers improved 6.6% to 137,000 TEUs thanks to a rise in the former. T/S shipments skyrocketed 160.9% to 43,000 TEUs, as SM Line had begun catering to the port on a full scale.
Containers to and from Inchon surged 11.6% to 215,000 TEUs.
