Pusan Newport International Terminal
Encyclopedia
Pusan Newport International Terminal (PNIT) is a new port constructed in Busan
Busan
Busan , formerly spelled Pusan is South Korea's second largest metropolis after Seoul, with a population of around 3.6 million. The Metropolitan area population is 4,399,515 as of 2010. It is the largest port city in South Korea and the fifth largest port in the world...

, in South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

; it is a joint venture between PSA International
PSA International
PSA International Pte Ltd, formerly Port of Singapore Authority is the second largest port operator in the world. The company's flagship operations are PSA Singapore Terminals, PSA HNN and PSA Marine...

 and Hanjin
Hanjin
The Hanjin Group is a South Korean conglomerate, or Jaebeol. The group is a holding company that includes a shipping company, Hanjin Shipping , and Korean Air , which was acquired in 1969...

.

The port has three deepwater berths, 1.2 km of quay, and a capacity of 2 million TEU
Twenty-foot equivalent unit
The twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals...

; it opened in March 2010.

The port is positioning itself as a trans-pacific transshipment
Transshipment
Transshipment or Transhipment is the shipment of goods or containers to an intermediate destination, and then from there to yet another destination....

hub.
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