New box terminal in southeast of Korean peninsula

Seoul: Pohang International Container Terminal (PICT) in the southeast of Korea will start operations on August 8.

Pohang Mayor Park Seung-Ho told local press recently, “Pohang may grow to become a port that can squarely compete with the port of Pusan in the future. Exports from Gyeongsangbuk-do province (where Pohang is located), including those from its two industrial zones at Daegu and Gumi, account for 15% of Korea’s total annual exports. Pohang, the gateway to these zones, has this much cargo volume behind it. Moreover, it has geographical advantages including its closeness to Japan. The new terminal has a water depth of 12 meters and four berths each measuring 250 meters long. Initially, two of the berths will be dedicated to container cargo, with the other two set aside for conventional cargo. Pohang is Korea’s major steel city.

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