Dredging for Busan New Port continues

Busan New Port. Credit Busan Port Authority

Dredging has begun for Phase 2–6 of the Busan New Port development in South Korea. The works, scheduled for completion in December 2025, will see the construction of two berths, adding 1.3 million teu to the annual handling capacity of Busan New Port’s West Container Pier.

With a deeper draught, the pier will be able to accommodate mega container ships. The dredging will be done at a cost of KRW24 billion (USD20.4 million). The current water depth is 4–7 m and Phases 2–5 and 2–6 will involve capital dredging over a 7.91 million m2 area that will deepen the waters to 17 m.

The Ministry of Oceans and Fisheries said that Phase 2–5, which will add 2 million teu and three berths to the pier, will be ready in the first half of 2022. Works for Phase 2–5 are being carried out by a local consortium led by Daelim Industrial, with the other members being SK E&C and Daezer Construction.

The design and construction of Phase 2–6 of Busan New Port is being undertaken by a local consortium led by Halla Corporation. Other consortium members are Korea Port Engineering Corporation, Hangdo Engineering, RGIO E&C, and DMCM.

The ministry’s director of ports, Oh Woon-yeol, said, “We aim to complete the dredging on time in order to offer safe conditions for large vessels navigating through the port. By doing so, Busan New Port’s international competitiveness will be boosted, and we can look forward to the port consolidating its status as a logistics hub of North-East Asia.”

Upon completion, the berths being built in Phases 2–5 and 2–6 will be operated by a joint venture between Korea Shipping Partnership and Busan Port Authority. The Korea Shipping Partnership is a quasi-alliance involving local feeder operators, such as HMM, SM Line Corporation, Taiyoung Shipping, Korea Marine Transport, and Dongjin Shipping.