Hanjin Shipping awarded four berths at Busan New Port

Hanjin Shipping awarded four berths at Busan New Port    Korea’s Hanjin Shipping has been awarded a 30-year concession by the Busan Port Authority to operate four berths at Phase 2-1 of the new 5.5-million-TEU Busan New Port container terminal complex.
   The four berths are scheduled to be ready for use by Hanjin at the end of 2008.
   The first phase of the terminal, developed by Pusan Newport Co, Ltd., was officially opened in January with three container berths, each 350 meters (1,148 feet) in length, with nine shore side gantry cranes.
   Pusan Newport Co Ltd. is a joint venture owned by DP World, Samsung Corp., the Hanjin group and Hyundai Engineering & Construction Co.
   On completion, the terminal will have a “conservative” estimated handling capacity of 5.5 million TEUs, featuring 3,200 meters (10,500 feet) of berth, 26 quay cranes, 81 yard gantries, 20 gate lanes and 10 rail tracks, with a storage yard occupying 125 hectares (309 acres).