SEOUL, Oct. 29 (Korea Bizwire) — The Ministry of Oceans and Fisheries said Thursday that it had teamed up with the Busan Port Authority (BPA) to establish an exclusive logistics center for Korean companies at the Dutch port of Rotterdam, the gateway to Europe.
The logistics center will have a warehouse space of 30,000 square meters, of which 15,000 square meters will be allocated to Korean small and medium-sized enterprises.
The logistics center will be furnished with an IT-based cargo tracking and inventory management system. It will provide a variety of auxiliary logistics services, including repackaging, labeling, transshipment for in-land and sea route transport and rental office space.
The Rotterdam logistics center will launch trial operations after the opening ceremony, which is scheduled to be held on Friday (local time).
Thus far, domestic companies had to rely on rented logistics facilities when they made forays into Europe through the port of Rotterdam. Accordingly, they were vulnerable to sudden rent hikes.
Against this backdrop, the BPA set up a subsidiary in the Netherlands, a first among local port authorities, and carried out a plan to establish a logistics center in Maasvlakte, a region 15 kilometers west of the port of Rotterdam.
Ashley Song (firstname.lastname@example.org)