South Korea announces Busan port expansion plans

The South Korean government has announced plans to add a further 15 berths to Busan New Port, increasing container capacity by 15m teu.

The new facilities will feature container terminals, feeder terminals and multi-purpose terminals. Work will begin in stages based on actual cargo demand, under the coordination of central government.

Busan Port Authority (BPA) President, Lim Ki-tack, said that the port is on track to handle 20m teu this year and the latest plans would aid its efforts to be the leading transhipment hub in Northeast Asia.