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Allcargo, an India-based logistics solutions company, opened its logistics center at Busan Port
A logistics center invested by an Indian global logistics company has opened at Busan Port's New Port.
On May 29, the Busan Port Authority (BPA) announced that Allcargo ULS Terminals has completed the construction of its logistics center in a 34,774 square meter (approximately 10,000 pyeong) site in the hinterland area of Busan Port's New Port Ungdong and has started full-scale operations.
Allcargo ULS Terminals was established through an investment of approximately KRW 10 billion by the global logistics company Allcargo Group and ECU Worldwide.
The opening of this logistics center has drawn attention from both domestic and international logistics industries as it is the first logistics center to be opened at Busan Port amid global supply chain disruptions, such as the US-China tariff war.
Allcargo Group, headquartered in India, is a world-leading console specialist company, having acquired Belgian ECU Worldwide in 2005 under its global strategy.
Its subsidiary, ECU Worldwide, is also a global logistics company with a 40-year tradition and history, operates more than 300 branches worldwide, providing shipping, air transport, and logistics services.
With the opening of this logistics center, Allcargo ULS Terminals plans to handle more than 30,000 TEU (1 TEU equals one 20-foot container) of cargo annually and provide cargo services linked to its global network at Busan Port's New Port hinterland area for the coming 30 years.
An official from the BPA stated, "We will provide full support to ensure that Allcargo ULS Terminals can operate its business smoothly."
joseph@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.06.11
Views
23
According to Yonhap News,
A logistics center invested by an Indian global logistics company has opened at Busan Port's New Port.
On May 29, the Busan Port Authority (BPA) announced that Allcargo ULS Terminals has completed the construction of its logistics center in a 34,774 square meter (approximately 10,000 pyeong) site in the hinterland area of Busan Port's New Port Ungdong and has started full-scale operations.
Allcargo ULS Terminals was established through an investment of approximately KRW 10 billion by the global logistics company Allcargo Group and ECU Worldwide.
The opening of this logistics center has drawn attention from both domestic and international logistics industries as it is the first logistics center to be opened at Busan Port amid global supply chain disruptions, such as the US-China tariff war.
Allcargo Group, headquartered in India, is a world-leading console specialist company, having acquired Belgian ECU Worldwide in 2005 under its global strategy.
Its subsidiary, ECU Worldwide, is also a global logistics company with a 40-year tradition and history, operates more than 300 branches worldwide, providing shipping, air transport, and logistics services.
With the opening of this logistics center, Allcargo ULS Terminals plans to handle more than 30,000 TEU (1 TEU equals one 20-foot container) of cargo annually and provide cargo services linked to its global network at Busan Port's New Port hinterland area for the coming 30 years.
An official from the BPA stated, "We will provide full support to ensure that Allcargo ULS Terminals can operate its business smoothly."
joseph@yna.co.kr
Source Text
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Source: Yonhap News (May 29, 2024)
** This article was translated from Korean.