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Published: February 2005
Raising the stakes for hub port status
Transhipment cargo is notoriously “fickle” but several new terminals backed by global port operators are set to make the fight for transhipment traffic even more competitive in coming years. Throughput at Busan grew 10 per cent in 2004 to reach 11.4 mill TEU and the port is looking to the Pusan Newport (PNC) development to cement its place as a hub port for services to China and Japan.
CSX World Terminals’ 25 per cent stake and management contract for the PNC development at Busan North was acquired by Dubai Ports International (DPI) when it bought CSXWT late last year. PNC’s commercial director John Elliot says the sale has not altered the development plans in any way....
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This complete item is approximately 3435 words in length, and appeared in the February 2005 issue of WorldCargo News, on page 21.
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