Container Ports' Growth Pattern and the Potential of Gwangyang Port

다국어 초록 (Multilingual Abstract)

It usually takes more than 5 years for a port(terminal) to reach its full-scale operation. Terminal Stage 1 in Gwangyang Port achieved utilization ratio of 71.6% in the 5thyear(2002) of operation. Such a performance is relatively good compared with other ports. In general, the larger the size of a port is, the faster it grows. The ports, which acquired competitive advantage in advance, can succeed in becoming regional hubs, whereas, those which failed to secure enough cargo in advance tend to become small-medium sized feeder ones.
Only certain ports endowed with appropriate preconditions can become logistics hub in the region. Among others, geographic location, hardware and software aspects must be appropriately secured for a port to become regional hub. Above all, Gwangyang Port is located at the center of North East Asian economy, and has a sufficient potential to be developed into regional logistics hub. Other aspects can also be satisfied as time passes.
Gwangyang Port has not reached minimum efficient scale yet. As a result, Gwangyang Port failed to secure enough cargo for its handling capacity. Gwangyang Port may need several more years to reach its full-scale operation. Currently, Gwangyang Port has such problems as insufficient connecting transportation network, limitation in port related services, inappropriate labor relations and so on. When such problems can be solved Gwangyang Port can become one of logistics hubs in North East Asia.

목차 (Table of Contents)

• 1. INTRODUCTION
• 2. GROWTH TREND OF CONTAINER PORTS
• 3. T/S TRAFFIC PROSPECTS IN KOREA
• 4. POTENTIAL OF GWANGYANG PORT AS A LOGISTICS HUB
• 5. CONCLUDING REMARKS
• REFERENCES
• ABSTRACT