Port of Kwangyang handles 80,000 TEU a month

THE PORT OF KWANGYANG HIT A NEW RECORD OF 80,000 TEU ON A MONTHLY BASIS THIS AUGUST. THE PORT OFFICIALLY STARTED JULY 17TH 1998.

ACCORDING TO THE RESULTS OF THE KWANGYANG CITY HALL SURVEY, CONTAINERS THROUGH THE PORT OF KWANGYANG TOTALED 85,882 TEU, INCLUDING 61,754 TEU OF INBOUND AND OUTBOUND CARGOES, AND 24,128 TEU OF TRANSIT CARGOES. THIS FIGURE EASILY SURPASSED THE RECORD HIGH OF 77,995 TEU SET IN JULY.

KOREA EXPRESS TOPPED THE NUMBERS WITH 34,502 TEU, FOLLOWED BY HANJIN SHIPPING WITH 25,437 TEU. HYUNDAI MERCHANT MARINE PROCESSED 13,328 TEU AND GLOBAL LOGISTICS HANDLED 12,615 TEU.

KWANGYANG CITY HALL EXPLAINED THE INCREASE OF CONTAINER CARGOES THAT MAERSK SEALAND'S BOHAI EXPRESS, A FEEDER SERVICE BETWEEN KOREA AND CHINA, IS FINALLY STABLIZED AFTER IT BEGAN AT THE END OF JUNE. THEY ALSO ATTRIBUTED IT TO THE CAX-W SERVICE OF HANJIN SHIPPING.

THE TOTAL NUMBER OF CONTAINER CARGOES HANDLED AT THE PORT OF KWANGYANG DURING THE PERIOD OF JANUARY TO AUGUST CAME TO 526,196 TEU. IT IS EXPECTED TO SURPASS 850,000 TEU BY YEAR'S END.

"AT THE BEGINNING OF THE YEAR WE ANTICIPATED CARGOES FOR THIS YEAR TO NUMBER AROUND 900,000 TEU. HOWEVER, WE STEPPED DOWN THAT NUMBER TO 800,000 TEU DUE TO THE SLUGGISH ECONOMY. AFTER REASSESSING MARKET CONDITIONS, HOWEVER, WE ARE NOW ESTIMATING THAT KWANGYANG WILL HANDLE AROUND 850,000 TEU, GIVEN THAT CARGOES STAY AT THE SAME LEVEL AS THIS PAST AUGUST," A SOURCE AT KWANGYANG CITY HALL PREDICTED.