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About the port
A logistics hub in Northeast Asia, the Port of Busan (or Pusan) is currently the world’s 5th busiest container port in the world with a handling capacity of more than 20 million TEUs every year. It is located in South Korea and is managed and operated by the Busan Port Authority (BPA).
Also called Busan Harbour, it dates way back to 1876, a small port built for trading between China, Japan, and Korea. During the Korean War, the city of Busan was not invaded, thus refugees came to this city. The port of Busan, then, became pivotal to receive first aid and other necessary materials, such as clothes, food, etc.
With a 26.8 km quay wall, the Busan port can handle 91 million tons of cargo annually. The Port of Busan comprises 4 major ports (North Port, South Port, Gamcheon Port, and Dadaepo Port), an international passenger terminal, and 6 container terminals.
5 container terminals are located at the North Port, namely Jaseongdae, Uam, Singamman, Gamman, Sinseondae.
- Jaseongdae terminal is operated by Hutchison Korea Terminals Co. Ltd. with a 1.7 million TEU handling capacity.
- Uam terminal has a handling capacity of 300,000 TEUs.
- Singamman container terminal is operated by Dongbu Pusan Container Terminal Company Ltd. (DPCT). It has a handling capacity of 780,000 TEUs and a pier length of 826 m.
- Gamman container terminal is operated by Busan International Terminal Co. Ltd. It can handle 1.56 million TEUs of cargo with a berthing capacity of four 50,000 ton vessels.
- Sinseondae terminal, the oldest of the 5, opened in 1991 and is managed by the CJ Korea Express Busan Container Terminal Co. Ltd, with a handling capacity of 2 million TEUs annually.
The Busan New Port is relatively newer and handles more than 10 million TEUs of cargo every year. It has 23 container berths and is operational 24 hours a day all year round. The Gamcheon port handles the excess cargo to supplement the North Port. It has piers for fishing vessels and general cargo vessels including cement, sand, steel, and fishery products.
The port of Busan has advanced infrastructure which is rapidly incorporating automation, It also has a well-connected intermodal transport network — making it a perfect port of handling cargo and containers.
Container Availability in Busan
With Busan exporting almost 50% of its manufactured goods, more than 80% of them are exported as containerized cargo. It handles varied cargo like fertilizers, meat, scrap metal, crude petroleum, gases, ores, leather, coal, sugar, and milling industry products.
Due to the high volume of exports, the port of Busan is essential for the economy of the country. The highest exported items include textiles, electronics, plastic, rubber, steel products, chemical products, automobile parts, petroleum, wood products, and seafood products. Most of its exports are to China, Hong Kong, Vietnam, Japan, and the United States. The port sees more than 20% rise in containerized cargo annually.
You can find containers in Busan through our members at the online platform xChange. In the public search, you can see where some of the xChange members are looking to get their containers moved to from the port of Busan.
According to the Container Availability Index (CAx), the port is usually in a container deficit, making them relatively harder to find.
The port is working towards becoming a transhipment hub for the global shipping and freight forwarding industry. For the same, it has administered rapid custom clearance, quarantine, and inspection systems. It has also implemented an extended application of a transhipment cargo incentive, which includes a reduced fee for entrance and clearance of vessels and exemption of port entrance fee for transhipment cargo.
To accommodate the surging container traffic, the Busan port is expanding at a rapid pace incorporating automation and high-class technology into its operations. It is also transforming into a global brand in maritime tourism with a premier cruise destination connecting the Pacific and Eurasia.