Busan Port Authority (BPA) and Barcelona Port Authority (ABP) have initiated a cooperative project of a logistics centre operation at the Port of Barcelona.
The two ports will work together to vitalise the logistics flow and to provide a stable logistics platform to companies doing business between Northeast Asia and Southern Europe.
Ki-chan Nam, president of BPA, said: “This project is very meaningful as the first cooperative project by two port authorities and both ports will make the utmost efforts to provide the logistics platform to Korean companies advancing in Southern Europe as well.”
In order to ensure the success of the project, BPA and ABP will establish a Spanish joint venture to manage and operate the logistics warehouse effectively.
Amid the COVID-19 pandemic, the Ports of Busan and Barcelona conducted a logistics market study of Barcelona including maritime traffic between the two ports and the current status of export and import companies.
Port of Barcelona’s president Merce Conesa said: “The implementation of this project will vitalise logistics flows between Northeast Asia and Southern Europe through our ports, and help Korean products to be distributed in Europe, and potentially, in North Africa in a very competitive manner.”