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Investment News

2017.05.24
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Port of Incheon to be dredged for larger ships by end of May

According to Yonhap News,

(SEJONG=Yonhap News) The project to expand Incheon port, South Korea's second-largest maritime gateway, by dredging the nearby seafloor, will be completed by the end of this month, the ministry said Wednesday.

The harbor, which is currently 14 meters deep, will be dredged to 16 meters to allow large ships, such as 8,000 twenty-foot equivalent (TEU) container vessels, to be able to anchor at Incheon, according to the Ministry of Oceans and Fisheries.

The port lies just 40 kilometers west of the capital city of Seoul.

The 83.5 billion-won project (US$74.2 million) also includes a plan to build two large docks for 2,000 TEU containers, adding to the current three container piers.

The ministry said that the upgrade will help Incheon port play a bigger role in handling maritime traffic that is critical for growth.

brk@yna.co.kr

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution 
without permission is prohibited.


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Source: Yonhap News (May. 24, 2017)


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