South Korea ports' container trade up, transshipments boom

Korea

South Korea ports has marked record growth for container throughput of 4.7% in April and second consecutive month it cleared 1.90 million Twenty-foot equivalent unit (TEU), made possible by a spike in transshipments, said the government.

Of the 1.93 million TEU handled at the country's ports, its largest port of Busan took the lion's share at 1.48 million TEU, up 8.2% from April 2011. Transshipments through the country increased to around 758,000 TEU, a surge of 18.3% year on year.

However, a drop in trading between its key partners of China and Japan saw it slide in export-import cargo to slightly over 1.14 million TEU, a 2.6% increase year on year.

Source:http://www.transreporter.com