BUSAN, South Korea — Despite continuing economic recession at home and abroad, the monthly cargo volume hit the highest record ever.
Busan Port Authority (BPA, President Ki-tack Lim) stated that the monthly container cargo volume recorded the highest performance in March.
Cargo volume at Busan Port surged 4.2 percent year on year to 1,556,000 TEU in March, and its monthly record is much higher than 1,415,000 TEU in May 2012 which was the previous highest monthly record.
Import-export cargo volume increased 5.3 percent from the previous year to 817,000 TEU, and transshipment cargo increased 3.8 percent to 739,000 TEU.
According to BPA analysis, sluggish import-export cargo and transshipment cargo has increased because of economic recovery of trading partners including the United States and Japan, while European nations still going through a slow recovery.
BPA has actively carried out marketing strategies aimed at global shipping companies, and gained the reputation for being the most enthusiastic port authority in the world. Furthermore, BPA has put forth its best effort to increase cargo volume by holding presentation meetings with consignors, and building networks with local ports in China and Japan.
BPA President Ki-tack Lim stated, We will try our best to achieve Busan Ports goal of 18 million TEU despite the unstable domestic and international economy.
Source: Busan City News