Busan Port Global TS Hub Port Current Status Future Development

Busan
Current Status

Contents

Contents
1. Current Status of Busan Port
2. Busan New Port Development Project

3. Distripark Development Project
4. Busan North Port Redevelopment Project

1 Current Status of Busan Port

Current Status of Busan Port

History of Busan Port
1876

1940


1950’s

21st Century

1970

1970’
s

Present

Current Status of Busan Port

Busan Port

North Port(Old Port)

New Port

25km


5

Current Status of Busan Port

Busan Port (Old Port, north port)

Current Status of Busan Port

Busan Port (New Port)

Current Status of Busan Port

North Port & New Port

New Port
◈ 5 CNTR Terminal Operators
◈ 12m TEU Capacity
◈ 23 berths


North Port
◈ 4 CNTR Terminal Operators
◈ 8m TEU Capacity
◈ 20 berths

8

Current Status of Busan Port

Busan Port T/put

(2009~2014)
Total

20,000

18,000

T/S


17,046

16,185

16,000
14,000

Local

(Unit : ‘000 TEU)

17,686

18,652

14,194
11,980

12,000
10,000

8,000

6,000

8,832

7,836

7,353

6,569
5,372
(44.8%)

6,276

(45.4%)

8,898
8,148

(47.8%)

8,938
8,748
(49.5%)

9,238
9,414
(50.5%)

(44.2%)

4,000
2,000
0
'09

'10

'11


'12

'13

'14

Current Status of Busan Port

Domestic CNTR Market Share in 2014
Total T/put in Korea : 24.73million TEU
Ulsan
(1.6%)

Pohang
(0.4%)

Pyungtaek
(2.2%)


(Unit : ‘000 TEU)
Others
(1.4%)

Incheon
(9.4%)
Gwangyang
(9.4%)

BUSAN
18,652
(75.4%)
※ Busan Share 2010 (73%) →

2014 (75.4%)

Current Status of Busan Port

Domestic Market Share


(Local vs T/S)

Ulsan 2.6%

Import&Export

Pyungtaek
3.7%
Others 1.8%

Gwangyang
12.5%
Incheon
15.9%

BUSAN
63.4%

Gwangyang
5.2%


Incheon 0.2%

Transshipment

Others 0.1%

BUSAN
94.3%

Current Status of Busan Port

World’s Top 10 Container Ports
7 out of 10 world’s busiest ports are in N.E. ASIA
(Unit : million TEU)
No.

Port

Country


2013

2014

1

Shanghai

China

33.62

35.28

2

Singapore

Singapore

32.58

33.87

3

Shenzhen

China

23.28

24.04

4

Hong Kong

China

22.35

22.28

5

Ningbo-zhoushan

China

17.33

19.45

6

Busan

South Korea

17.68

18.65

7

Qingdao

China

15.66

16.70

8

Guangzhou

China

15.32

15.69

9

Jebel Ali

UAE

13.64

15.20

10

LA/LB

USA

14.60

15.16

• source : Port Authority Websites, Alphaliner
• (2014) Qingdao, Guangzhou, Jebel Ali = estimation

Current Status of Busan Port

World’s top 10 Container Ports
1
2
3
4
5
6
7
8
9
10

1985

1990

Rotterdam

Singapore

(2,655)

(5,224)

(12,550)

(18,090)

(19,144)

NY/NJ

Hong Kong

Singapore

Singapore

(2,367)

(5,101)

(11,830)

Hong Kong Rotterdam

1995

2000

2002

2004

2008

2010

2012

2013

2014

Singapore

Shanghai

Shanghai

Shanghai

Shanghai

(21,932)

(29,918)

(29,069)

(32,529)

(33,617)

(35,285)

Singapore

Singapore

Shanghai

(17,090)

(16,941)

(21,329)

(27,980)

Kaohsiung

Busan

Busan

Shanghai

Hong Kong Hong Kong Hong Kong Hong Kong

Singapore Singapore Singapore Singapore
(28,431)

(31,649)

(32,579)

Hong Kong Hong Kong Hong Kong Shenzhen
(23,097)

(23,278)

(33,868)
Shenzhen

(2,289)

(3,667)

(5,232)

(7,540)

(9,453)

(14,557)

(24,248)

(23,532)

(24,030)

Kobe

Kaohsiung

Rotterdam

Kaohsiung

Shanghai

Shenzhen

Shenzhen

Shenzhen

(1,519)

(3,495)

(4,787)

(7,426)

(8,620)

(13,650)

(21,400)

(22,509)

(22,941)

(22,288)

(22,270)

Antwerp

Kobe

Busan

Rotterdam

Kaohsiung

Busan

Busan

Busan

Busan

Busan

Ningbo

(1,350)

(2,596)

(4,503)

(6,274)

(8,493)

(11,492)

(13,453)

(14,194)

(17,041)

(17,686)

(19,450)

Yokohama

LA

Hamburg

Shanghai

Shenzhen

Kaohsiung

Dubai

Ningbo

Ningbo

Ningbo

Busan

(1,327)

(2,587)

(2,890)

(5,613)

(7,614)

(9,710)

(12,000)

(13,144)

(16,830)

(17,327)

(18,652)

Hamburg

Busan

LongBeach

LA

Rotterdam

Rotterdam

Ningbo

Guangzhou Guangzhou Qingdao

Qingdao

(1,159)

(2,348)

(2,844)

(4,879)

(6,506)

(8,300)

(11,226)

(12,550)

(14,743)

Keelung

Hamburg

Yokohama

LongBeach

LA

LA

Guangzhou

Qingdao

Qingdao Guangzhou Guangzhou

(1,158)

(1,969)

(2,757)

(4,601)

(6,106)

(7,321)

(11,001)

(12,012)

(14,500)

(15,309)

(16,160)

Busan

NY/NJ

LA

Hamburg

Hamburg

Hamburg

Rotterdam

Dubai

Dubai

Dubai

Dubai

(1,148)

(1,872)

(2,555)

(4,248)

(5,374)

(7,003)

(10,830)

(11,600)

(13,265)

(13,641)

(15,249)

LongBeach

Keelung

Antwerp

Antwerp

Antwerp

Dubai

Qingdao

Rotterdam

Tianjin

Tianjin

Tianjin

(1,141)

(1,828)

(2,329)

(4,082)

(4,777)

(6,429)

(10,320)

(11,146)

(12,295)

(13,000)

(14,050)

Shenzhen Hong Kong Hong Kong

(15,520)

(16,624)

Europe Top-5 Container Ports

(1970~2013)

1970

1980

1990

2000

2010

2013

Rotterdam
(242)

Rotterdam
(1,901)

Rotterdam
(3,666)

Rotterdam
(6,280)

Rotterdam
(11,146)

Rotterdam
(11,621)

Antwerp
(215)

Hamburg
(783)

Hamburg
(1,969)

Hamburg
(4,248)

Antwerp
(8,468)

Hamburg
(9,302)

Belfast
(210)

Antwerp
(724)

Antwerp
(1,549)

Antwerp
(4,082)

Hamburg
(7,900)

Antwerp
(8,578)

Bremerhaven
(195)

Bremerhaven
(702)

Felixstowe
(1,417)

Felixstowe
(2,853)

Bremerhaven
(4,536)

Bremerhaven
(5,830)

Tilbury
(155)

Le Havre
(507)

Bremen/Bremer
haven
(1,198)

Bremen/Bremer
haven
(2,752)

Valencia
(3,654)

Algeciras
(4,500)

∙(

) : ‘000 TEU

∙∙ Source : Containerisation International

Asia Top-5 Container Ports

(1970~2013)

1970

1980

1990

2000

2010

2013

Kobe
(90)

Hong Kong
(1,465)

Singapore
(5,223)

Hong Kong
(18,098)

Shanghai
(29,069)

Shanghai
(33,617)

Tokyo
(54)

Kaohsiung
(979)

Hong Kong
(5,100)

Singapore
(17,087)

Singapore
(28,431)

Singapore
(32,240)

Nagoya
(44)

Singapore
(917)

Kaohsiung
(24,384)

Singapore(PSA)
(17,040)

Hong Kong
(23,532)

Shenzhen
(23,278)

Hong Kong
(35)

Kobe
(727)

Kobe
(3,495)

Busan
(7,540)

Shenzhen
(22,509)

Hong Kong
(22,352)

Osaka
(30)

Yokohama
(722)

Busan
(2,596)

Kaohsiung
(7,426)

Busan
(14,157)

Busan
(17,686)

∙(

) : ‘000 TEU

∙∙ Source : Containerisation International

Current Status of Busan Port

Container Volume Forecast
Rising Portion in N.E. ASIA expected
(Unit : ‘000 TEU)
900,000

829,377
778,431

800,000

730,817
686,596

700,000

616,234

646,789

600,000

N.E.Asia

500,000
400,000
300,000
200,000

243,374

259,600

(38.4%
)

(38.8%)

279,456
(39.5%)

301,242
(40.1%)

324,120
(41.6%)

348,696

Ser…
Ser…

World

(42.0%)

100,000
0
1
2012

2
2013

3
2014

4
2015

5
2016

62017

* Source : Drewry Maritime Research

Capacity deployed on intra-Far East routes

2.5
Million TEU

4,000-5,099TEU

2.0

3,000-3,999TEU
1.5

2,000-2,999TEU
1.0

1,000-1,999TEU

100-999TEU
0.5

0.0
2011

2012

2013

Source : Alphaliner Weekly Newsletter Volume 2015 Issue 21

2014

2015

South East Asian Top 15 Ports
000 TEU
2013

2009

2010

2011

2012

Singapore

Singapore

Singapore

Singapore

Singapore

Port Klang

Port Klang

Port Klang

Port Klang

Port Klang

Tanjung Pelepas

Tanjung Pelepas

Tanjung Pelepas

Tanjung Pelepas

Tanjung Pelepas

Laem Chabang

Laem Chabang

Laem Chabang

Tanjung Priok

Tanjung Priok

Tanjung Priok

Laem Chabang

Laem Chabang

Jawaharlal Nehru Jawaharlal Nehru
Tanjung Priok

Tanjung Priok

Ho Chi Minh

Ho Chi Minh

Ho Chi Minh

Ho Chi Minh

Colombo

Colombo

Jawaharlal Nehru

Colombo

Colombo

Ho Chi Minh

Jawaharlal Nehru

Colombo

Jawaharlal Nehru

Manlia

Manlia

Manlia

Manlia

Manlia

Tanjung Perak

Tanjung Perak

Tanjung Perak

Tanjung Perak

Tanjung Perak

Karachi

Chennai

Chennai

Mundra

Mundra

Bangkok

Bangkok

Bangkok

Chennai

Karachi

Chennai

Karachi

Karachi

Karachi

Chittagong

Chittagong

Chittagong

Chittagong

Chittagong

Bangkok

Mundra

Mundra

Mundra

Bangkok

Chennai

Source : IAPH Statistics

What will ensure sustainability of port ?

1. Location
2. International network

3. Service (Productivity & etc.)
4. Cost

Current Status of Busan Port

Competitiveness of Busan Port
Location : Between the World’s Factory & 3rd Largest Economy

Vladivostok

Zarubino

Qingdao

Hong Kong

Singapore

35,286

※Source : Alphaliner
(Unit : 1,000 TEUs, 2014)
33,869
24,037
22,283
19,450
18,652
16,700

Shanghai Singapore Shenzhen Hong Ningbo
Kong

Busan

Qingdao

Current Status of Busan Port

Competitiveness of Busan Port
Connectivity(Ocean-going)

368 weekly services
Korea
Russia : 11

Europe : 37

Chaina : 43

N.America: 57

Japan : 71

M.East : 12
S.E. Asia : 85

S.America : 33

Africa : 1
Oceania : 25

※As of the end of 2013

Current Status of Busan Port

Competitiveness of Busan Port
Connectivity
(Feeder Network)

9D
2D

1.5D

2D

1.5D
1D

33,617

25 D

※Source : BPA
(Unit : 1,000 TEUs, 2013)
32,579
23,278
22,352

Japan : 60 ports
China : 4517,327
ports
15,520
Russia : 5 ports

Shanghai Singapore Shenzhen Hong
Kong

Ningbo Qingdao

Current Status of Busan Port

Competitiveness of Busan Port
Stability

Free from Natural Influence of Fog, Wind, etc.
33,617

※Source : BPA
(Unit : 1,000 TEUs, 2013)
32,579
23,278
22,352

Well Sheltered Natural Harbor

17,327
15,520

Transhipment HUB Port
Shanghai Singapore Shenzhen Hong
Kong

Ningbo Qingdao

Current Status of Busan Port

Competitiveness of Busan Port
★ Water Depth : 15~16m (17m by 2016)
★ Little Tidal Difference : 1.3m

Deep Water

The World’s Largest vessels calling at Busan Port
18,270 TEU vessel
“Maersk MC-Kinney

19,224 TEU vessel
“MSC Oscar”

Moller”

(Jan. 8, 2015)

(July 15, 2013)
33,617

※Source : BPA
(Unit : 1,000 TEUs, 2013)
32,579
23,278
22,352

17,327
15,520
Shanghai Singapore Shenzhen Hong
Kong

Ningbo Qingdao

New Port
2 BusanDevelopment

Project

Busan New Port Development Project

Busan New Port





5 Container & 1 Multipurpose
23 berth(CNTR 21 + Multi 2)
Quay Length : 7.5km
12m TEU capacity







Period : 1995~2020
Total Budget : USD 16.7 billion
45 berth(CNTR 40 + General 5)
Quay Length : 14.71km
25m TEU H/Capacity

33,617

※Source : BPA
(Unit : 1,000 TEUs, 2013)
32,579
23,278
22,352

17,327
15,520
Shanghai Singapore Shenzhen Hong
Kong

Ningbo Qingdao

Busan New Port Development Project

Busan New Port

33,617

※Source : BPA

(Unit : 1,000 TEUs, 2013)
32,579
23,278
Largest Container
Vessel
22,352

The World’s
MSC Oscar (19,224TEU)
17,327
Maiden Call at Busan New Port15,520
8 Jan 2015
Shanghai Singapore Shenzhen Hong
Kong

Ningbo Qingdao

Busan New Port Development Project

Busan New Port Development Plan
HJNC (4)

Phase
2-5 (3)

HJNC(4)

PNIT(3)

PNC(6)

Multipurpose TML

Phase
2-6 (2)

33,617

Private Investment
BPA Concession
Future Plan

※Source : BPA
(Unit : 1,000 TEUs, 2013)
32,579
23,278 Length : 1,050m
◈ 3 berths,
◈ Capacity22,352
: 1.8m TEU/year






Budget : KRW 6446.6
billion
17,327
BTO Development
15,520
4-year Construction(by 2019)
30-year Operation

Shanghai Singapore Shenzhen Hong
Kong

Ningbo Qingdao

Busan New Port Development Project

Accomodating Bigger Vessels
To-island Removal

◈ Size : 24,496㎡
◈ Island removed by 2017

Dredging Plan

◈ 15m→17m(2013~2016)

Busan New Port Development Project

Busan New Port in 2020

Busan New Port Development Project

Busan New Port Summary l

 Strong Industrial Back Ground
 Synergy Effect by Complex of
Logistics
 Geographic Stability

Busan New Port Development Project

Busan New Port Summary ll






High-tech New Terminal
Competitive Distribution Center
Bunker Station
Ship Repair dry-dock

3

Distripark
Development Project

Distripark Development Project

Distripark Development

Northern
Distripark

Western
Distripark

Southern
Distripark

Total

Whole

3,074

6,402

1,421

10,896

For
Lease

1,704

3,579

1,421

6,704

Period

2001~2011

2006~2020

2006 ~ 2015

Budget
(million US$)

470

864

409

Remark

Completed,
30 tenants
in operation

28 tenants
selected for
Phase 1-1
& 1-2

Under
Feasibility
Study

-

Size
(‘000㎡)

1,743

Distripark Development Project

North Distripark
Number of Investment
Tenant
Total
30

USD 355.4M

Size

Cargo
Generation
(2013)

Employment
(2013)

1,704K ㎡

908K TEU

1,959

Distripark Development Project

Business Model

Overseas

Busan Port Distripark
(FTZ)

Overseas

Distripark Development Project

Functions of Distripark
Applicable Business
Assembling

Packaging

Tax Incentive & Benefits
◈ Lease Terms and Conditions
- Lease Period : Max 50 years
- Lease Fee : 29~44cents/ ㎡/month

◈ Direct Tax
- 100% exemption for first 3 years
Storage

Labeling

- 50% exemption for next 2 years
◈ Indirect Tax
- 100% exemption
- Zero VAT

4

Busan North Port
Redevelopment Project

Busan North Port Redevelopment Project

Project Outline
◈ Size : 1,511,450㎡
◈ Total Budget : USD 8.5 billion
◈ Period : 2009~2019
(Infra + Superstructure)

Redevelopment Target Area

HBCT

UTC

Pier 4
Pier 3
Central Pier
Pier 2
Pier 1

DPCT
BIT
KBCT

Busan North Port Redevelopment Project

New International Passenger Terminal
Total
Budget
234mUS$

Period

Wharf

Terminal
Building

Est Yearly
Passengers

2011~2015

One 100,000 G/T-Cruiseship
Five 20,000 G/T-Passengership
Six 500-Speed Ship

5-story Building,
92,826㎡

2.8m

Busan North Port Redevelopment Project

Cruise Terminal

Busan North Port Redevelopment Project

Busan North Port Redevelopment Area in 2020

Busan Stn.
BPA

Intnl. Passenger TML

Busan Metropolitan City

Beautiful City Busan

Busan Metropolitan City

Beautiful City Busan

#

Thank you