BPA Supports National Shipping Companies in Launching New Southeast Asia Routes
Namseong Shipping will launch a new route service between Busan Port and Malaysia starting early July, supported by Busan Port Authority (BPA).
Namseong Shipping will deploy a 2,500 TEU vessel on this new route and initiate the "NFS (New Fareast Straits) Service." The port calls include Busan-Gwangyang-Shanghai-Shenzhen (Shekou)-Singapore-Port Klang-Penang-Singapore-Ho Chi Minh-Nansha-Busan.
BPA's Southeast Asia representative office has been cooperating with Namseong Shipping since the first half of this year to provide maritime logistics information for Southeast Asia necessary for the new port call service and actively supported consultations with local port authorities.
BPA explained that Namseong Shipping, which handles 500,000 TEU annually at Busan Port alone, is expected to increase cargo volume between Busan and Malaysia and diversify export logistics for Korean companies by opening this new route.
Namseong Shipping is expanding the vessel size for the Busan Port-Indonesia service ANX to 2,500 TEU and is also considering launching additional services to Indonesia.
Hot Picks Today
"It Has Finally Crossed Borders"... Greater Fear Due to Delayed Detection, No Treatment for Variant Ebola [Reading Science]
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Kang Jun-seok, President of BPA, said, "With Namseong Shipping's expansion into the Southeast Asian market, we expect the overseas logistics competitiveness of our export companies to be further strengthened," and added, "We will make greater efforts to expand new overseas services linked to Busan Port by domestic shipping companies."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.