Overview:

      Incheon Port (Port of Inchon or Incheon) is South Korea's second largest port, the largest port on the west coast of South Korea, and the outer port of Seoul, the capital of South Korea. It is less than 40 kilometers apart. It is operated by the Korean government and is near the port. There is an export processing zone. Incheon Port City is South Korea's largest economic center and the import and export trade center of northern South Korea. Incheon Port has a large-scale industrial and economic hinterland, mainly including steelmaking, machinery, automobiles, shipbuilding, chemicals, electronics, vehicle manufacturing, metal processing, petroleum and textiles. Incheon has well-developed transportation. In addition to the Gyeongin Expressway, there are also many lines such as electrified railways. In 1990, the first sea route from China to South Korea, Incheon to Weihai, set up the "Golden Bridge" of economic and trade exchanges between China and South Korea.

      Port Website

      https://www.icpa.or.kr/eng/index.do

      Port Facilities

      Incheon port inclulde four port area, they are Inner Port, South Port, North Port, New Port.

Port Economy

The main wharfs in the Incheon Port area have a total length of 6,024 meters and 33 berths. Asia accounts for two-thirds of its total foreign trade cargo throughput, or China accounts for 70%. Without the rapid economic development of China, there would be no Incheon Port today Prosperous and developed. Due to the complete infrastructure functions such as logistics and warehousing, Incheon Port is not only an important loading and unloading port for timber, grain, and furniture, but also the Northeast Asian regional center of the London Metal Exchange. The metal types of the center include copper, aluminum, nickel and steel. And so on, millions of tons are traded every year. According to international media, China is the largest buyer of international metal transactions. Due to the unsatisfactory logistics infrastructure of some ports in China, especially the conditions of warehousing, distribution, and land, sea and air transportation do not meet the required logistics supply chain standards, the Port of Incheon in South Korea is quite popular. Favored by the London Metal Exchange. Incheon Port is building the Incheon Bridge that connects the Incheon container port area, Incheon International Airport and the inland transportation trunk network. It is expected to be completed in October 2009. Incheon Port's container sea, land and air transportation network is more comprehensive and developed. According to the “Containerization International” report published in July 2008 in London, UK, one of the biggest advantages of Incheon Port is Seoul, which is particularly close to South Korea’s political and economic center. In August 2003, Incheon Port began to establish a free economic zone, and the logistics industry has achieved rapid growth. To date, Incheon Port has established 5 logistics parks with a total area of ​​1,700 hectares. Incheon Port is implementing large-scale port development and construction, including container terminal projects, port passage facilities and a huge logistics park connecting the capital Seoul and the mainland's commercial and industrial bases. So far, Incheon Port has 9 berths. In 2006, the container throughput reached 1360000TEU, and in 2011 it will reach 3000000TEU. In addition, the Incheon New Port-Gyeongin Port is under construction  , Specially used for loading and unloading containers. In 2008, Incheon New Port will build 3 container terminal berths. In 2011, Incheon New Port completed and put into production 8 more container ship berths. In 2015, the number of berths at the Incheon New Port container terminal will increase to 13, and by 2020, it will increase to 23. Gyeongin Port is currently in use. There is a fixed schedule of freighters from Tianjin Port in China to Incheon New Port-Gyeongin Port. It departs from Tianjin Port Dongjiang Pacific Wharf every Saturday night and can arrive at Gyeongin Port in the early hours of Monday morning.  . Shenzhen Xunlaitong International Freight Forwarding Co., Ltd. Tianjin Branch, as the booking agent for this route, provides great support for the trade between China and South Korea. Most of these container terminal berths can berth super large ships with a capacity of 8000 TEU. Incheon Port has a well-developed railway and road transportation network, leading to all parts of South Korea, and nearby Incheon International Airport, which ranks third in the world's air cargo volume, allows convenient and rapid transshipment of cargo.

Location Advantage

Incheon Port has unique geographical advantages. On the one hand, it is backed by the capital, Seoul, and Seoul’s GDP is equivalent to 48% of South Korea’s total GDP. On the other hand, among all South Korean ports, Incheon Port is the closest to China. Therefore, the goal of Incheon Port is to strive to become the largest regional container hub port in Northeast Asia. Although the container throughput of Incheon Port in South Korea was 1.66 million TEU in 2007, Gwangyang Port in South Korea reached 1.71 million TEU and Busan Port reached 13.3 million TEU. However, among the three major ports in South Korea, Incheon Port had the highest growth rate of container throughput, both exceeding 20%. In the same period, the growth rate of Busan Port was only 10.3%. The container throughput of Gwangyang Port did not increase, but dropped by 2.8%. In other words, the annual container throughput of Incheon Port is accelerating. It is expected that by 2013, Incheon Port will build a new container terminal, which can triple the container throughput of Incheon Port. Incheon Port is very active in strengthening communication with China's ports such as Dalian, Qingdao and Tianjin to strengthen mutual partnerships. Incheon Port has also introduced a variety of preferential policies to continuously attract more Chinese import and export containers to Incheon for re-export, especially for ultra-large container ships with a single vessel capacity of more than 8000TEU to call Incheon Port. In 2007, the share of Chinese cargo in the total throughput of Incheon Port was as high as 65.8%, while the share of cargo in Busan Port was only 23%. The construction of a logistics hub project in Incheon Port and the construction of a series of logistics parks, free trade zones and free economic zones in the vicinity of the container port terminal and the inland transportation hub are all measures to closely cooperate with the container port terminal of Incheon Port and the port hinterland economy. The pace of development has attracted more customers at home and abroad, especially Chinese customers, to provide high-quality services for them while increasing the added value of services, and positively promote the sustainable development of South Korea’s Incheon Port.

Port construction

The container volume of Incheon Port in 2007 is approaching South Korea’s second largest container port, Gwangyang Port. In addition to the expansion of the container terminal, Incheon Port is building the Incheon Bridge connecting the Incheon container port area, Incheon International Airport and the inland transportation trunk network. Completed in October 2009, the container sea, land and air transportation network of Incheon Port has become more functional.

Incheon Port is the outer port of Seoul, the capital of South Korea. It is less than 40 kilometers apart and is operated by the Korean government. There is an export processing zone near the port. Incheon Port City is South Korea's largest economic center and the import and export trade center of northern South Korea. Incheon Port has a large-scale industrial and economic hinterland, mainly including steelmaking, machinery, automobiles, shipbuilding, chemicals, electronics, vehicle manufacturing, metal processing, petroleum and textiles. Incheon has well-developed transportation. In addition to the Gyeongin Expressway, there are also many lines such as electrified railways.

Incheon Port Area’s main wharf has a total coastline of 6,024 meters and 33 berths. Asia accounts for two-thirds of its total foreign trade cargo and China accounts for 70%. That is, China’s rapid economic development has created Incheon today. port. Due to the complete infrastructure functions such as logistics and warehousing, Incheon Port is not only an important loading and unloading port for timber and grain, but also the Northeast Asian regional center of the London Metal Exchange. The metal types of the center include copper, aluminum, nickel and steel. Millions of tons are traded every year.

The port started to establish a free economic zone in August 2003, and the logistics industry has developed rapidly. So far, Incheon Port has established five logistics parks with a total area of ​​1,700 hectares. Incheon Port is implementing large-scale port development and construction, including container terminal projects, port passage facilities and a huge logistics park connecting the capital Seoul and the mainland's commercial and industrial bases. So far, Incheon Port has nine berths, and the volume of 1.663 million TEUs has narrowed the gap with the 1.722 million TEUs of Gwangyang Port. It is expected to reach 3 million TEUs by 2011.

The Incheon New Port under construction is dedicated to loading and unloading containers. In 2008, Incheon New Port will build 3 container terminal berths. In 2011, Incheon New Port will be built and put 8 container ship berths. By 2015, Incheon New Port container terminal berths will increase to 13. It is planned to increase to 23 by 2020, and most of these container terminal berths can berth 8000 container-class large ships.

Port throughput

The throughput in 2005 was 1,149,000 TEU, an increase of 22.9% over the previous year, and ranked 74th in the world. As the Port of Incheon is close to Seoul, the capital of South Korea, its geographical advantages have increased its throughput year after year. Incheon Port Group SuhJong-Jin said: "Incheon Port has not further developed its transit business, because most shipping groups will choose China as their transit port."

The Incheon Port Container Terminal is controlled and operated by the Port of Singapore Corporation. It is also the largest container terminal in Incheon Port. In 2006, the container terminal throughput of Incheon Port reached 400,000 TEU.

The container terminal of Incheon Port is equipped with 3 cranes with a coastline of 300 meters. The second phase of the project will add another 300 meters of shoreline, with three new container cranes, and the annual throughput will reach 800,000 TEU. The project is expected to be completed in mid-June 2008.

In addition, SuhJong-Jin also emphasized: "In the long run, the port capacity is far below the shipping demand. Incheon Port is planning to expand the bulk cargo and container terminals, and the expansion of the container terminal is even more important. The container throughput of Incheon Port is only It only accounts for 10% of South Korea’s container throughput. After the expansion, Incheon Port’s container throughput will account for 15-20% of South Korea’s in 2011."