BUSAN LURES CMA CGM

Koreas Busan New Port has attracted CMA CGM to its Phase 2-3 expansion programme, subject to government approval. CMA CGM reached an agreement with Hyundai Industry Development Consortium, developer and operator of four berths of Phase 2-3 at Busan New Port, to invest in the project.The agreement follows a government to attract foreign lines to Busan New Port to boost throughput. According to the port,CMA CGM intends to site its dedicated terminal at Busan New Port.