Incheon Port Authority (IPA) said on Dec. 10 that it hosted a session for CEOs of member companies of the Association of Foreign Shipowners Representative in Korea (AFSRK) to promote Incheon Port.
IPA President Lee Kyung-gyu updated the CEOs on the current status of Incheon Port’s container traffic volumes and prediction, and Incheon Port’s container wharves and backwater complex development plans.
They also discussed the port’s special cargo handling conditions and the port’s container cargo volume incentive system.
IPA saw its container cargo volumes surge 6.8 percent year-on-year in October, compared to the same period of the previous year on the back of the continued opening of new shipping service routes and rising exports of second-hand vehicles.
The port is predicted to surpass its best-ever record of 4.45 million TEU in container cargo volumes in 2021, President Lee said.
IPA plans to conduct aggressive marketing activities, so each shipping company can consider making port calls and opening new shipping roues based on the information offered during the session.
IPA President Lee said, “Incheon Port’s rising cargo volumes was possible thanks to foreign container shipping company CEOs’ continuous concern and support, and we will listen to customers’ views through diverse channels and carry out aggressive marketing activities.”
The session targeting AFSRK member countries took place for the first time in four years due to the spread of the COVID-19 pandemic.
Among those on hand at the event were IPA President Lee and 11 shipping company executives, including President Kang Kwan-yu of MSC Korea and President Park Jae-seo of CMA-CGM.
IPA President Lee Kyung-gyu and CEOs of tenant companies pose after IPA signed an agreement on moving into the smart joint logistics center of the e-Commerce specialized zone at IPA office on Dec. 14.
IPA Accelerates Project to Build Smart Logistics Center
Incheon Port Authority struck a deal with a consortium to operate a common smart logistics center in the E-commerce special zone.
If the logistics center is opened in two years as planned, volumes of 10,000 TEU will be created annually.
IPA signed a contract with IGFC Consortium to operate a common smart logistics center.
The consortium consists of Sejung Shipping with a 30 percent stake, Namsung Shipping with a 25 percent share, Tien Ren TLS with a 25 percent stake and OurBox with a 20 percent portion.
With the signing of the final contract, IGFC Consortium has become the occupant of the common smart logistics center.
IPA has invested a combined 42.8 billion won in a project to build the three-floor center with 19,085 sq/meters in floor space.
The center will be outfitted with smart logistics equipment and computing systems by investing 6.5 billion won.
It is scheduled to be opened in 2025. IPA expects the center to bring about new volumes of 12,627 TEU annually.
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