World Maritime News

Busan Port Stays in Black

South Korea’s Busan Port Authority (BPA) ended 2014 with a KRW 107.7 billion net income (USD 97 million), marking eleven consecutive years of positive operating results, ever since its establishment in 2004.

Total revenue increased by 24.6% to KRW 348.6bn (USD 314m), with KRW 240.9bn (USD 217m) in operating expenses.

BPA said that it has lowered rental fees to operators because it is going through management difficulties triggered by the transfer of container shipping from Busan North Port to Busan New Port.

As of last year, the total assets of BPA were valued at KRW 5.4 trillion (USD 4.86bn), a 4.31% year-on-year increase compared to KRW 5.2trn (USD 4.68bn).

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World Maritime News

Busan Port Stays in Black

Share this article

Follow World Maritime News

Busan Port Eyes 20 Million TEU Mark

CMA CGM Rhone Welcomed to French Liner’s Fleet

Third Berth for London Gateway

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Four South Korean Yard Workers Crushed to Death

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In Depth>

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VIDEO: HOS BLACK WATCH Makes a Splash at Eastern

CMA CGM Danube Ready to Hit High Seas

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