Busan ranks No. 5 among world's container ports
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Korea's southeastern city of Busan maintained its ranking as the world's fifth-largest container port for the second consecutive year in 2005, despite the aggressive expansion of Chinese ports, a local shipowners' organization said on Monday (Oct. 9).
Busan, located 453 kilometers southeast of Seoul, handled 11.84 million TEUs of containers last year, 3 percent more than a year earlier, the Korea Shipowners Association said, citing the British magazine "Cargo Systems." TEU stands for 20-foot-equivalent unit.
The Port of Singapore rose one notch to claim the No. 1 spot last year. It handled containers amounting to 23.19 million TEUs in 2005, up 8.7 percent from the previous year, the association said.
The Chinese ports of Hong Kong, Shanghai and Shenzhen were the world's second through fourth-largest, handling containers worth 22.6 million TEUs, 18.1 million TEUs and 16.2 million TEUs, respectively.
The ports of Shanghai and Shenzhen were two of the most quickly expanding, respectively handling 24.3 percent and 18.9 percent more cargo than a year earlier, the association said.
The ports of Kaohsiung in Taiwan, Rotterdam in the Netherlands, Hamburg in Germany, Dubai in the United Arab Emirates and Los Angeles in the United States ranked No. 6 through No. 10 worldwide last year, it said.The source of news: Korea.net October 10, 2006
