City Airport, Logis & Travel, Korea (CALT) entered into a joint-venture earlier this month with shipping companies to build and operate a 13,000 square meter-logistics center in the western part of Busan New Port.

CALT, along with Korea's ORIENT SHIPPING and Sinokor Merchant Marine and Japan's NRS, will start building the logistics center in May. The center, to open in January of 2014, is expected to benefit from a planned increase in number of berths by the Busan New Port from the current 18 to 44.

CALT operates logistics centers in port hinterlands of free trade zones including the northern Busan New Port and Pyeongtaek.

Source Text

Source: Yonhap News (Sep. 6, 2012)

** This is the translation of a Korean article.