A Study on improving the Performance of Transshipment Cargo System at the Port of Busan

Abstract

This study will examine the consolidation that is occurring in the shipping industry and its effects on Busan`s status as a key transshipment hub in Southeast Asia as well as what measures the port must implement to attract transshipment traffic. With this in mind heading forward, trends in transshipment cargo, problems facing the port, as well as the current status of transshipment volumes at the Port of Busan must be fully understood so that thorough research can be done into appropriate measures to stimulate growth and attract cargo traffic. In this study, We analyze the current problems and status of transshipment cargo at Busan Port and factors affecting the competitiveness of transshipment cargo at Busan New Port, Korea`s key import/export gateway, have been examined. We show the Strategies to Attract Transshipment Cargo at the Busan New Port which is to become a an optimal transshipment port, a port`s internal environment including the scale and location of its hinterland, facilities and tariffs as well as the external environment including global networks and logistics IT management must be carefully considered as they are all key actors affecting cargo volumes.