Busan Beats Best as South Korean Shipping Surges — Panjiva
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Busan Beats Best as South Korean Shipping Surges

China 3048 Corp - Ports 909 Mode - Containerized 1524 Mode - Seaborne 1845 South Korea 605 Taiwan 231 U.S. 5399

Container handling at South Korea’s ports increased 9% on a year earlier in May, the third straight month of growth. Shipments via Busan led with a 10% expansion to reach the highest since at least 2009. Exports from Busan grew 10%, including a 13% expansion in shipments to the U.S. Despite the strength of growth for South Korea’s ports they still lagged the 12% seen in China, but outpaced Taiwan which saw a 4% decline.

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