Busan Port Authority Adds Storage Yard in Busan New Port... Supporting Export Logistics Handling

Site for the facility in Nammun-dong, Jinhae-gu, Changwon-si, Gyeongsangnam-do.

[Asia Economy Yeongnam Reporting Headquarters, Trainee Reporter Hwang Du-yeol] Busan Port Authority (BPA) will establish additional container cargo storage yards within Busan New Port.

The additional installation of cargo storage yards was planned to assist cargo owners and logistics companies facing difficulties due to a shortage of export cargo storage space amid the global logistics crisis.

Due to the ongoing domestic and international logistics disruptions, the storage rate at the New Port container terminal once exceeded 90%, causing operational difficulties at Busan Port.

Since July this year, Busan Port Authority has sequentially supplied approximately 150,000㎡ of temporary storage yards, equivalent to 5,250 TEU, in the West Container Backland Complex in three phases. Utilizing the planned operation area within the Ungdong Backland Complex, an additional approximately 33,000㎡, or 1,800 TEU, has been supplied, currently operating a total of 183,000㎡ and 7,050 TEU.

The additionally supplied container cargo storage yard will utilize reserved land within the Ungdong Backland Complex of Busan New Port, covering about 45,000㎡ with a storage capacity of over 2,500 TEU.

After establishment, it is planned to operate during weekday nights and holidays to alleviate difficulties faced by cargo owners and logistics companies.

Space to handle refrigerated and frozen container cargo within the storage yard will also be provided.

BPA announced the selection notice for the storage yard operator on the Busan Port Authority website and the Onbid system on the 8th.

After a three-week public offering, business plans will be received on the 29th, and a preferred negotiation candidate will be selected within December.

Kang Jun-seok, President of Busan Port Authority, stated, “We will do our best to resolve difficulties in the logistics field and improve the flow of domestic export logistics.”

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