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Thursday, November 12 - 2009

Pusan Newport sets the new productivity pace for Busan

  • United Arab Emirates: Thursday, April 20 - 2006 at 14:00
  • PRESS RELEASE

The new container terminal Pusan Newport Co (PNC) in South Korea, is continuing to achieve remarkable levels of high productivity.

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Global port operator and developer, DP World, and Samsung Corporation are the joint-lead sponsors and investors in the PNC project together with the Republic of Korea Government. DP World has been contracted as the operations and maintenance provider to PNC.

Today, serving the Mediterranean Shipping Company's mother vessel ILONA, the new facility achieved an extraordinary 45.87 moves an hour per crane. This level of productivity clearly illustrates the continued potential of high productivity levels in the future. Currently, Pusan Newport has been maintaining an average of 33.0 gross production per crane from the opening of the facility three months ago. The facilities productivity is about 35% higher in comparison to other ports.

Pusan Newport's advanced gate facility also is showing positive results with trucks averaging a 12 minute turn around time for cargo delivery. At full volume capacity the facility is designed to maintain a turn-around time of under 20 minutes. In general, most other port facilities maintain an average of 50 minutes to one hour.

The current expressway network places the location of Pusan Newport nearer to 98% of the cities and industrial areas throughout Korea by distances between 15km to 35km. The shorter distance, un-congested expressway network and fast truck turn-around-time within the facility is a cost savings advantage for the shipping community.

Rob Walker, Executive Vice President, DP World and Pusan Newport Company Ltd., said:
"In addition to the dedication of our Korean employees, effective training has been the key to this continued high productivity. This level of productivity is unheard of in a new facility and is a real credit to the team and to the extensive training they have undertaken to prepare to offer our customers top quality services from day one."

Mr Walker said, groups of crane equipment operators received training on the ground in Hong Kong, learning to operate equipment in a "live" environment. In addition, PNC had also installed equipment simulators in the local Pusan university which groups of operators had used extensively, and held special training classes at the PNC facility.

"The intensive training has really paid dividends," Mr Walker said. "Both our people and our customers benefit - our people improve their skill sets and earning power and our customers receive the quality services they have come to expect from a DP World operated terminal."

Patrick Bol, Terminal Director, DP World and Pusan Newport Company Ltd., said:
"We are very proud of all our staff which includes indirect hire and expatriates, this is a continued team effort. We see this as a safe and conservative start and are pleased with the results. This continues to show a solid foundation for consistent high productivity levels which customers have come to expect from DP World operated facilities around the world. Together with our Korean staff, we have brought safer and faster work methods to Pusan. It was difficult to change past practices that have been the operating methods of Busan. However, we now can see the results of our efforts and what our local team has achieved."
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Notes and media contacts

Websites:
www.pncport.com
www.dpworld.com

For further information please contact:

John Elliott
Commercial Director
Pusan Newport Co. / DP World
+822-727-0705

Bell Pottinger Communications
Dubai:
Tom Mollo/Elaine Boucher
+9714 367 2256

DP World is a leading global port operator with a portfolio of operations in Asia, Australia, Europe, Latin America, and the Middle East.
DP World is the result of the integration of Dubai Ports Authority ("DPA") and DPI Terminals ("DPI") in September 2005. This new entity continues the tremendous success of the DPA and DPI businesses, which have been at the forefront of Dubai's extraordinary transformation into one of the world's leading trade and commerce hubs.
DP World manages the commercial and operational aspects of the port network, formerly developed and managed by DPA and DPI.

In 2005, the terminals operated by DP World handled an estimated 13 million TEU which include ports on five continents from the Americas to Asia.

DP World's unique cross-sector expertise offers solutions in all aspects of port operations, ultimately driving efficiency and financial returns for port users. DP World will continue to provide the same high level of service that customers have come to expect. DP World continues to provide a superior level of service to shipping lines at its flagship domestic operations of Port Rashid and Jebel Ali which has been voted "Best Seaport in the Middle East" for 10 consecutive years. Dubai is ranked as the 10th largest port operation in the world and DP World is the 7th largest global operator.
There are a number of significant projects in the pipeline that will strengthen the DP World network, including developments in Asia, Europe, and the Middle East. In February 2005 an agreement with the Cochin Port Trust (CoPT) was signed to construct, develop and operate an international container transshipment terminal at Vallarpadam, Kochi, India. It is the largest single operator container terminal currently planned in India and the first in the country to operate in a special economic zone. The new terminal will make Kochi a key centre in the shipping world reducing India's dependence on foreign ports to handle transshipment.

One cornerstone project, which underlines DP World's position as a major player in Asia, is the development of Pusan Newport, South Korea. DP World has a 39.55% interest in and management contract for this 9-berth facility, which has a capacity of 5.5 million TEU. The first phase of this development was opened in January 2006.
In March 2005, DP World was awarded a 30 year concession to develop and operate the container terminal at the Port of Fujairah, in the UAE. This was followed in July 2005 by the awarding of a management contract for Mina Zayed Port, Abu Dhabi. These concessions will enable DP World to streamline operations at the major container facilities of the UAE, and further increase the choices available to its customers. In June 2005 DP World was short listed as preferred bidder to operate the container terminal at the Port of Aden.
In November 2005 DP World also announced agreements to develop new container terminals at Yarimca, Turkey and Qingdao, China.

On March 8, 2006, DP World completed its acquisition of Peninsular and Oriental Steam Navigation Company. This deal makes DP World a top three global operator, with 51 terminals in 30 countries, across 5 continents. DP World has a total capacity in excess of 50 million TEU per year.

DP World also has interests in logistics businesses in Hong Kong and China, notably ATL, the market leading logistics operator based at Kwai Chung, Hong Kong.

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