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Busan Port Authority set its total cargo goal for 2021 at 22,700,000 TEU

Busan Port Authority set its total cargo goal for 2021 at 22,700,000 TEU

The Port Authority of Busan has set its total cargo throughput goal of 22,700,000 TEU for 2021. This is a rise of 4.3 percent from 2020 and 1 percent more than the 22,495,000 TEU expected for 2021.

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Based on the 2004-2020 period, the import/export volume for the next year is expected to be 10,007,000 TEU.

Based on the projected TS volume of the top 20 carriers that are responsible for 99 percent of the total cargo volume of Busan Port, the transshipment volume estimate is 12,488,000 TEU.

The TS throughput target was set at 12,690,000 TEU, which is 200,000 TEU higher than the forecast stage, considering the global pandemic and prevailing uncertainties. This was focused on the expectations put forward by experts and BPA's marketing plans for the economic recovery.

By quantifying BPA's TS competitiveness, BPA will continue to perform non-contact marketing activities for global carriers.

In addition, the Authority is planning to use BPA Japan to strengthen Japanese shippers' confidence in Busan Port.

Even as major TS ports in global pandemic situations are experiencing decreasing volumes, Busan Port alone is showing positive growth in the volume of TS.

“Despite the volume decrease in major transshipment ports caused by the global pandemic, Busan Port maintained its reputation as the 2nd busiest transshipment port in the world with the excellent service connectivity, schedule reliability, reasonable prices. In order to continue the Port’s competitiveness in 2021, policies to improve operation efficiency will be implemented ceaselessly," commented CEO NAM Ki-chan.

Maritime Business World 

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