South Korea plans to transform Busan into the world’s second largest transshipment cargo port by 2020 by building up infrastructure and streamlining operations, the government said today.
The move could enable the country’s largest sea port to outstrip Hong Kong for the second place slot among the world’s transshipment harbors and place it below Singapore, the Ministry of Ocean and Fisheries said.
Busan currently handles cargo moving to and from China, Japan, Russia, North and South America and Australia.
To reach the goal, the ministry said measures would be taken to gradually move all container operations, which make up the bulk of transshipment cargo from Busan’s North Port, to its New Port in order to streamline operations.
Source: Busan eFM News
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