Independent journal on economy and transport policy
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Shipping lowers Development Terminal will acquire 20% of the CJ Busan Container Terminal
the society manages a container terminal in the port of Busan that has a annual ability to million traffic two container
December 23, 2015
Shipping lowers Terminal Development (CSTD), terminalista society of the Chinese shipowning group Lowers Shipping, will acquire 20% of the capital of the CJ Busan Container Terminal (KBCT), society that manages the container Sinseondae terminal in the port of Busan. The quota will be yielded by logistic group South Korean CJ Korea Express (Korex). Korex, than up to now stops the KBCT control, will continue to being the main shareholder of the South Korean terminalista society, while CSTD will become the second greater shareholder.
The container terminal managed from KBCT covers an area more than a million than square metres, it has five docks for a total of 1.500 linear meters of approaches with depth of the backdrop of -15/16 meters and a annual ability to containerized trade pairs to two million teu.
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