UK's Peel Port signs accords with South Korea's Busan Port Authority
UK's Peel Ports Group and South Korea's Busan Port Authority have signed a Memorandum of Understanding paving the way for the two parties to work together and for the South Korean company to build a new container terminal in Liverpool.
The agreement, signed in Britain by Busan Port Authority president Lim Ki-tack and Peel Ports CEO Mark Whitworth, will enable the two companies to hone technical, economical and commercial acumen and increase investment in infrastructure and environmental development.
Said Mr Whitworth: "Developments in Peel Ports - specifically the Liverpool2 project - mean we will soon be able to welcome direct trade from Asia to the north west of the UK. We already have a longstanding relationship with the Busan Port Authority, which is a world-leader in the port technology sector.
"We hope that Mr Lim and his team will help us build a terminal which will offer the best of the UK to Asian businesses who want a direct route to market in the north of the UK, Ireland and Scotland," said Mr Whitworth.
Said Mr Lim: "This opportunity of signing the co-operative MoU between Busan port Authority and Peel Ports Group, will create mutual benefit by sharing information and co-operating in port related activities."
Busan is the fifth largest container port in the world and is considered a global leader in the use of emerging port technologies, in particular port infrastructure and semi-automated port handling equipment.
When open in 2015, Liverpool2's eight Megamax ship-to-shore cranes and fleet of semi-automated CRMG yard cranes, allied with the latest Navis N4 terminal operating system, will make it one of the most efficient and modern terminals in Northern Europe. The port will have the capacity to handle two vessels from Asia, Europe, the Middle East or the Americas simultaneously.
The port of Busan handles 17 million TEU a year, making it one of Asia's most significant shipping hubs. Peel Ports' five major gateways, strategically located around the UK, handle more than 65 million tonnes of cargo from across the globe every year.
UK's Peel Ports Group and South Korea's Busan Port Authority have signed a Memorandum of Understanding paving the way for the two parties to work together and for the South Korean company to build a new container terminal in Liverpool.
The agreement, signed in Britain by Busan Port Authority president Lim Ki-tack and Peel Ports CEO Mark Whitworth, will enable the two companies to hone technical, economical and commercial acumen and increase investment in infrastructure and environmental development.
Said Mr Whitworth: "Developments in Peel Ports - specifically the Liverpool2 project - mean we will soon be able to welcome direct trade from Asia to the north west of the UK. We already have a longstanding relationship with the Busan Port Authority, which is a world-leader in the port technology sector.
"We hope that Mr Lim and his team will help us build a terminal which will offer the best of the UK to Asian businesses who want a direct route to market in the north of the UK, Ireland and Scotland," said Mr Whitworth.
Said Mr Lim: "This opportunity of signing the co-operative MoU between Busan port Authority and Peel Ports Group, will create mutual benefit by sharing information and co-operating in port related activities."
Busan is the fifth largest container port in the world and is considered a global leader in the use of emerging port technologies, in particular port infrastructure and semi-automated port handling equipment.
When open in 2015, Liverpool2's eight Megamax ship-to-shore cranes and fleet of semi-automated CRMG yard cranes, allied with the latest Navis N4 terminal operating system, will make it one of the most efficient and modern terminals in Northern Europe. The port will have the capacity to handle two vessels from Asia, Europe, the Middle East or the Americas simultaneously.
The port of Busan handles 17 million TEU a year, making it one of Asia's most significant shipping hubs. Peel Ports' five major gateways, strategically located around the UK, handle more than 65 million tonnes of cargo from across the globe every year.