Busan (Hafen)

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Busan to Knock Hong Kong From Top Five Port Spot

Bloomberg has suggested that Hong Kong may lose its ranking as the world’s fifth-busiest container port after its container volumes dropped for a second straight month in November last year (2017). Port authority statistics have shown that Hong Kong was the only container port among the world’s top five to report weaker traffic. In a report on its website, Bloomberg Intelligence’s analyst Rahul Kapoor said that South Korea’s Busan, ranked sixth, has narrowed the gap and is set to overtake Hong Kong on an annual basis in 2018. https://www.porttechnology.org/news/bloomberg_busan_to_knock_hong_kong_from_top_5_port_spot

HMM announces New Service in North China, Korea and Russia

Hyundai Merchant Marine (HMM) announces the launch of a new North China-Korea-Russia weekly service, under the name of ‘CRN (China Russia North Service)’. The CRN service covers the ports of ‘Qingdao-Shanhai-Ningbo-Pusan-Vladivostok-Vostochny-Pusan-Qingdao’ and will begin on March 31. HMM will deploy one container ship on the route, and FESCO will place two vessels on the route. (Total 3 X 3,000 teu vessel) HMM has been offering CRS (China Russia South Service) services on South China-Middle China-Korea-Russia in cooperation with FESCO and CMA-CGM. From March 30, the CRS service will change its port ration to ‘Hong Kong-Chiwan-Xiamen-Ningbo-Shanghai-Vladivostok-Vostochny-Hong Kong’ to provide a direct service from China to Vladivostok. HMM official said “We are pleased to provide direct premium services to customers” and “We expect to strengthen our market position within Russia based on those two services.”

Korea’s new shipper SM Shipping goes on maiden voyage next month

SM Shipping, a newly created container liner under South Korea’s Samra Midas (SM) Group after the acquisition of the Asia-North America route from now-defunct Hanjin Shipping, will set sail on its maiden voyage on March 8 along the East and South China Sea with 1,000 twenty-foot equivalent (TEU) container onboard. The fledgling shipper’s first cargo service will depart Busan port in southern Korea and stop at China, Thailand, and Vietnam, according to shipping industry sources on Sunday. The carrier’s first full service in its Asia-North America route – leaving Busan and arriving at Long Beach Terminal in California, U.S – is scheduled on April 21. The company plans to establish reservation system for consignors by the end of this week. Source: Pulse