23-08-2017

Incheon port forecasts box traffic to rise 15pc to 3.1m TEU in 2017

Incheon

THE Incheon Port Authority (IPA) anticipates second-half container throughput will reach 1.61 million TEU, up from 1.47 million TEU for the first half of the year.

The IPA expects the total box throughput for 2017 will amount to 3.1 million TEU, representing a year-on-year increase of 14.9 per cent. The forecast is based on the performance during the first half and current trends, reported Maritime Global News.

It highlighted that the percentage of the port's trading volume for the second half to the first half has continuously increased (7.3-16.5 per cent) since 2013.

In addition, the IPA anticipates container throughput will hit two million TEU by September, one month earlier than the prior year.

President of the IPA, Nam Bong-hyun, was quoted as saying: "I'd like to thank the owners of goods who use the port of Incheon and all people working for the port of Incheon including the terminal operating companies (TOC), shipping companies, CIQ and port transport union that have been fully supportive in the development of the port of Incheon and attraction of container volume."

Source: Schednet 

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