Maersk moves Asian business to DP World terminal

zoom

Maersk Line, the largest container liner carrier in the world, will migrate to DP World operated Pusan Newport Co (PNC), cementing the South Korean port as one of the key trade gateways for North East Asia.

At present Maersk Line calls with 10 services in Busan North port. Eight services will migrate to the port facility at PNC; two joint services will remain at Busan North Port. Maersk Line will bring an anticipated volume of more than 700,000 TEUS per annum to PNC, in addition to creating more jobs at the container terminal.

PNC also expects a rapid increase in the number of common feeders calling at PNC to service the substantial new volumes of Maersk Line and other main line services already committed to the facility.

These include CSAV, ZIM, Emirates and United Arab Shipping Company. Recently new logistics facilities opened in the support area bordering the terminal that boosts its existing capability to support the growth of the main line and feeder operators.

"The move to PNC allows Maersk Line to offer a further upgraded service to our customers as PNC's terminal facilities offers flexible space and very competitive service levels consistent with the most efficient terminals in the world," remarked Kyu Sun Park, President of Maersk Line Korea.

"This will enhance Maersk Line's schedule reliability and provide our customers with higher visibility in their supply chain. We are pleased to be one of the first users of the most modern facility in North East Asia," added Park.

"We are delighted with Maersk Line's decision to migrate their services to PNC. The terminal's modern design, use of new technology and customer-centric approach eliminates congestion and provides shipping lines with efficient service and flexibility to grow their services," added Patrick Bol, Managing Director of PNC.

Maersk Line's recognition of PNC as a critical facility in North East Asia will further boost PNC's reputation as a gateway terminal for North East Asia and strengthen DP World's position as a leading terminal operator in the highly competitive Asian market.

"This is only the start," explained Bol. "There are more shipping lines to follow, in 2009 Hanjin and Hyundai will move to adjacent Newport terminals, further accelerating the Busan cargo gravity shift to the West."

The news comes amidst further speculation that DP World, currently the world's third largest port operator and wholly owned by the Dubai government, is eyeing a US$2bn offering on the London Stock Exchange.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM