Hanjin Incheon Container Terminal Surpasses 1 Million TEU Throughput for the First Time This Year

Busan and Pyeongtaek Terminals Expected to Grow by 6% and 15% Respectively

[Asia Economy Reporter Yu Je-hoon] Hanjin Incheon Container Terminal (HJIT), a subsidiary of Hanjin Co., Ltd., surpassed 1 million TEU (a unit referring to one 6m container) in cargo volume this year. This is the first time for Incheon Port to achieve this in terms of annual cargo volume at a single container terminal.

Hanjin Co., Ltd. announced on the 28th that the final cargo volume of HJIT is expected to reach 1,015,000 TEU this year. This achievement was made five years after HJIT opened in 2016, and thanks to this, the total cargo volume of Incheon Port is also expected to increase by 6% compared to the previous year, reaching 3.28 million TEU.

HJIT, which was established in 2014 as a 100% invested subsidiary by Hanjin Co., Ltd., handled 274,334 TEU in its first year of operation and grew to 788,807 TEU last year. Especially this year, despite the impact of the COVID-19 pandemic, it increased by about 30%.

To improve terminal productivity this year, HJIT additionally introduced 6 automated yard cranes (ARMGC), currently operating 7 quay cranes (RMQC) and 28 ARMGCs. Also, this year, it operates about 20 routes including 4 new route services such as IHP (Incheon-Hong Kong-Haiphong-Hong Kong-Busan-Incheon).

An HJIT official stated, "We will continue to secure competitiveness to provide the best cargo handling services in line with the era of the New Incheon Port and contribute to the continuous development of port logistics."

Meanwhile, the cargo volumes of Hanjin Busan Container Terminal (HJNC) and Pyeongtaek Container Terminal (PCTC), operated by Hanjin Co., Ltd., are also expected to grow by 6% and 15% respectively compared to the previous year, due to increases in transshipment cargo and cargo volumes from China, Vietnam, and other regions.

This content was produced with the assistance of AI translation services.