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S.Korean ports return to pre-crisis

S.Korean ports return to pre-crisis
Cargo handling through ports in South Korea shot up in February, recovering to the volume shown before the economy was battered by the global financial crisis.

South Korean ports return to pre-crisis levels.

Cargo handling through ports in South Korea shot up in February, recovering to the volume shown before the economy was battered by the global financial crisis.

Cargo traffic in the country rose 1.1 percent from the same month in 2008, before the economic crisis hit the global market, to 1.35 million TEUs in February. The figure represented a 25.8 percent rise from a year ago.
"South Korean ports' cargo handling volume appears to be on track to top this year's target of 17.5 million TEUs as the accumulated volume reached 2.82 million TEUs in the first two months of the year, normally an off-season for ports," an official from the Ministry of Land, Transport and Maritime Affairs said.

Busan was the nation's busiest port last month, with container cargo handling reaching 1.01 million TEUs, accounting for 73 percent out of the total cargo traffic in the country. The country's largest port handled more than one million TEUs for the eighth straight month in February.

The cargo handling volume at the port of Gwangyang jumped 25.2 percent from a year earlier to a record 150,000 TEUs in February while that of Incheon soared 22.3 percent to 104,000 TEUs in the same period.

www.turkishmaritime.com.tr

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