A consortium comprising Korea Marine Transport Company’s (KMTC Line) terminal operating and logistics unit, Korea Container Terminal Company (KCTC), and AP Moller Maersk unit Damco Logistics Korea, have been chosen as the preferred secondary tenant for Incheon New Port’s Phase I-3, to manage a facility to move empty containers.
[s2If is_user_logged_in()]The facility, comprising zones A-1 (24,499m2) and A-2 (24,500m2) will also be used to export used cars.
Incheon Port Authority’s (IPA) selection was based on the applicants’ bid price, business capability, cargo scale, employment plan, environment security and safety.
IPA plans to conclude the lease contract within February 2021 after negotiating based on the KCTC-led consortium’s business plan. The consortium can start operating the facility right after signing the lease.
IPA vice-president Lee Jung-haeng said, “It’s expected that the facility can reduce logistics costs for companies.”
KCTC operates Busan New Port Container Terminal and has built warehouse facilities at Busan, Pyeongtaek, Gwangyang, Masan, Incheon, and other South Korean ports.
Separately, IPA announced that the two terminals at Incheon Port, Hanjin Incheon Container Terminal and Sun Kwang Newport Container Terminal, each handled more than1 million TEU in 2020 despite the Covid-19 pandemic and the US-China trade conflict. Including the new port’s throughput, Incheon’s 2020 volumes are expected to have increased by 6% year-on-year, to 3.27 million TEU. IPA is targeting 3.45 million TEU in 2021.
Martina Li
Asia Correspondent[/s2If]
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