BUSAN, May 12 (Korea Bizwire) — Despite a worldwide drop in maritime trade following the coronavirus outbreak, the volume of transshipment cargo at the Port of Busan continues to increase. Operators at the Busan port reported that 977,000 transshipment containers were processed at the port’s nine piers in April, up 1.8 percent compared to the [...]
BUSAN, Aug. 29 (Korea Bizwire) — The Port of Busan will introduce the world’s first remote control system for loading equipment using 5G networks. The Busan Port Authority announced on Thursday that it plans to develop a system that remotely controls the rubber tired gantry cranes located in the North Port using artificial intelligence and [...]
SEOUL, Dec. 23 (Korea Bizwire) — The portion of international cargo handled by South Korean shippers at the Port of Busan decreased to its lowest level as the local shipping industry is still struggling from the fallout from Hanjin Shipping Co.’s bankruptcy, data showed Sunday. A record 20.6 million twenty-foot-equivalent units (TEUs) of containers were [...]
SEOUL, Feb. 27 (Korea Bizwire) — Cargo processed at South Korean ports slipped 7.6 percent in January compared with the previous year as shipments of raw materials and vehicles fell on weak demand, government data showed Tuesday. The total volume of sea cargo reached 128 million tons in January, compared with 138.8 million tons a [...]
ANSAN, Oct. 18 (Korea Bizwire) – Emergency quarantine protocols were put in place at the Port of Busan after foreign red fire ants were discovered at a nearby open-air yard for shipping containers late last month. Questions over whether the protocols need to be expanded have been raised after a live lizard was discovered inside [...]
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, 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 [...]
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. [...]
BUSAN, Oct. 11 (Korea Bizwire) – The Port of Busan is facing more strife with a recent walkout by cargo truck drivers, making matters worse for the port already troubled by the Hanjin shipping crisis. The Cargo Truckers Solidarity (CTS) kicked off a general strike on Monday, with workers opposing government plans to increase the [...]