S. Korea's cargo handling sets record in June

South Korea's container cargo handling in June was the highest ever for the month of June, reported Maeil Business Newspaper.

The Ministry of Land, Transport and Maritime Affairs (MLTM) said the throughput in June stood at 1.69 million TEUs, a 25.8 percent year-on-year increase, following a monthly high of 1.71 million TEUs in May.

Thanks to growing demands on shipments due to an improvement in the real economy, the volume of shipments including imports and exports (1.06 million TEUs), transhipment (609,000 TEUs) and coastal shipping (23,000 TEUs) grew by 21.9 percent, 33.3 percent and 23.8 percent, respectively.

The shipments handled at Busan port, which takes up approximately 74 percent of the total, surpassed 1.2 million TEUs for the three straight months since April by breaking the highest figure of last May.

However, due to a decrease in outbound shipments from major freight owners, the amount of cargo handled at Gwangyang port fell slightly from 182,000 TEUs to 172,000 TEUs and Incheon port handled 161,000 TEUs.
(Source:www.cargonewsasia.com)