Korea: 2010 port traffic breaks records

Korea's Ministry of Land, Transport and Maritime Affairs has announced that port container traffic in 2010 rose by 18.3 percent from 2009 to a record 19.33 million TEU. This is also a 7.8 percent increase from 2008, the previous high.

As the real economy showed sound recovery in 2010, export and import cargoes (totalling 12.33 million TEU) and trans-shipment cargoes (6.62 million TEU) grew 18.9 percent and 15.7 percent respectively.

Thanks in part to efforts to promote coastal shipping for green growth, coastal cargoes (376,000TEU) increased significantly by 48.5 percent.

Ministry officials said that container traffic is expected to reach 20 million TEU in 2011.

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