Busan Port

From Global Energy Monitor

Busan Port is the largest port in South Korea, located in the city of Busan, at the mouth of the Naktong River. It is the fifth busiest container port in the world and the largest transhipment port in north-east Asia.[1] Imports include coal.[2]

Location

Busan Port is located in the city of Busan, at the mouth of the Naktong River, in South Korea.

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Background

In 2018, NASA Earth Observatory summarized the following about the Busan Port: "Located at the southeastern tip of the Korean Peninsula, the Port of Busan has been a trading hub since at least the 15th century. Situated at the mouth of the Nakdong River in a deep, well-sheltered bay facing Japan’s Tsushima Island, Busan became Korea’s first international port when it was opened to the Japanese in 1876 and to foreign trade in 1883. Today it is among the ten busiest container ports in the world. In 2017, Busan processed more than 20 million TEUS (twenty-foot equivalents, a measure used to estimate the capacity of container ships). The port handles roughly 80 percent of South Korea’s container cargo. Both the port and the surrounding landscape has changed markedly in recent decades."[3]

In 2013, the port was made up of North Port, South Port, Gamcheon Port, and Dadaepo Port, an international passenger terminal, and six container terminals (including the Gamman, Shinsundae, Singamman, and Gamcheon container terminals). It handled 298 million tonnes of cargo in 2012.[4][2]

In 2019, South Korea launched a plan to invest US$35.2 billion by 2040 to enhance the country’s cargo-handling capacity at twelve ports across the country. The initiative would upgrade Busan Port to a mega port by making it capable of accommodating a larger number of 25,000-TEU vessels.[5]

Pier 7 historically handled some of the coal, although volumes decreased over time.[6]

Project Details

  • Operator: Busan Port Authority
  • Location: Busan, South Korea
  • Annual Coal Capacity (Tonnes): Unknown
  • Status: Operating
  • Type: Imports
  • Sources of coal:

Articles and resources

References

  1. "Port of Busan," Ship Technology, accessed October 2021
  2. 2.0 2.1 "Ships in the Port of Busan," World Port Source, accessed October 2021
  3. "Decades of Growth at Port of Busan," Nasa Observatory, Image of the Day for September 5, 2018
  4. "The world’s 10 biggest ports," Ship Techology, October 13, 2013
  5. "South Korea Unveils Huge Maritime Reboot," Port Technology, August 5, 2019
  6. "Project Performance Audit Report Korea First And Second Port Projects," World Bank, June 28, 1985

Related GEM.wiki articles

External resources

External articles