Busan predicts 11.5-million-TEU yearly volume
The port of Busan, the largest container port in North Asia, expects to increase its box traffic 9 percent this year.
“Busan will handle about 11.5 million TEUs,” a port official told American Shipper.
The Busan Port Authority was formed in 2003 under Korea’s Port Authority law and launched in January.
In 2003, the South Korean port moved 10.4 million TEUs, breaking the 10-million threshold for the first time.
Busan predicts 11.5-million-TEU yearly volume
