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International Shipping
South Korea's BNCT surpasses 10 million TEU mark
Date:2018-11-16 Readers:

THE newest and most modern container terminal in Busan, South Korea, BNCT, has breached the 10 million TEU mark less than six and a half years after its first vessel call on February 23, 2012.

To celebrate the event, a traditional cake-cutting ceremony with BNCT's senior management, operator plus BNCT's four biggest customers CMA-CGM, COSCO, OOCL and Evergreen in attendance was held, reported Hellenic Shipping News.

CEO and president of BNCT John Elliott, who has been running major container ports and terminals around the world for over 29 years said "this is the fastest and smoothest achievement of 10 million TEU by a new container terminal I have ever seen. It is very unusual for such a large container facility to have run so long at such high growth level without any major operation al issues or breakdowns since opening".

With a current capacity of 2.5 million TEU, BNCT is on track to reach 2.3 million containers for 2018 which is 16 per cent increase compared to 2017.

CCO of BNCT, Peter Slootweg, thanked the facility's four biggest customers recognising and thanking them for the 7,000 vessel calls it took to reach 10 million TEU. With further expansion possible to over 3.5 million TEU in the future and current efforts underway to realize over 700,000 TEU of additional capacity, BNCT is the only terminal able to construct significant additional capacity in Busan Port until 2022.

C M Jung, managing director of CMA CGM Busan, said: "With 10 million TEU achieved after 6 years I am confident that BNCT's continued efforts to handle ever increasing volume will see it achieve 20 million TEU in just three more. As a partner of BNCT, I am excited to see and be a part of BNCT's success and enthusiastically support BNCT's further growth in the years to come."

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