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Busan Vying to Reclaim Title of “World’s Fifth-Largest Container Port”

Busan Vying to Reclaim Title of “World’s Fifth-Largest Container Port”

BUSAN, May 24 (Korea Bizwire) – The Port of Busan, South Korea’s largest port, was marginally outstripped last year by the Port of Hong Kong, conceding the title of the fifth-busiest container port in the world, namely on account of the Hanjin Shipping crisis.  The South Korean port ranked sixth globally in 2016, processing 19.43 [...]

Busan Port Incorporates IoT to Boost Competitiveness

Busan Port Incorporates IoT to Boost Competitiveness

BUSAN, March 15 (Korea Bizwire) – Still reeling from the Hanjin Shipping crisis, South Korea’s largest port is incorporating Internet of Things technology to transform into a high-tech logistics destination.  In accordance with a MOU signed on Tuesday, Lotte Data Communication, with its IoT technology, and KL-NET, a port logistics IT company, will be developing [...]

Shipping Alliance Reshuffle Puts Burden on Korea’s Largest Port

Shipping Alliance Reshuffle Puts Burden on Korea’s Largest Port

BUSAN, Dec. 23 (Korea Bizwire) – A recent analysis has forecasted that the reshuffling of global container shipping alliances planned for April 2017 will lead to an additional drop in the volume of transshipment cargo at the Port of Busan – Korea’s largest port – adding to its troubles stemming from the Hanjin Shipping crisis. [...]