Construction of Korean Port Underway

Korea Times
Friday, June 15, 2012

Construction begins on South Korea's Saemangeum sea port

Construction of an international sea port on a massive plot of reclaimed land on the southwest coast that could help fuel regional growth has begun according to a 'Korea Times' report.

Once completed in 2030, the new Saemangeum port located 280 kilometers south of Seoul, will be able to handle 17.29 million tons of freight per year and have pier facilities to berth 18 ships simultaneously, the Ministry of Land, Transport and Maritime Affairs informed 'Korea Times'.

 It said 250 billion won ($214 million) is earmarked for the construction of the port that will cover 4.88 million square meters and have 3.5 kilometers of breakwater.


The port will also speed up development of the Saemangeum project that aims to turn the reclaimed tidal flats into an industrial, tourism and agricultural hub.

 Seoul has spent around 3 trillion won since 1991 to build the world's longest 33.9-kilometer-long seawall and reclaim 40.100 hectares of new land and make a freshwater lake. It is in the process of allocating more funds to transform the region into an eco-friendly manufacturing hub for automobiles, industrial materials and reusable energy companies.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

New Call at Port Kelang on CMA CGM’s REX 2

CMA CGM has introduced a new westbound call at Port Kelang on its REX 2 service connecting Asia with Red Sea.   CMA CGM has decided to replace its REX2 westbound Singapore call with Port Kelang.

Maersk Line Launches Latin America, Asia Service

Maersk Line announced changes to its AC network with the launch of its AC1 service, connecting the West Coast of Latin America with Asia, beginning at the end of June.

News

PALFINGER Plans to Acquire Harding Group

The PALFINGER Group announced it intends to acquire 100 percent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group, suppliers

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0820 sec (12 req/sec)