Pusan New Port in crisis as lender threatens action

Jun 28, 2008 23:52:52

Mike Grinter - Monday 23 June 2008 SOUTH Korea’s Pusan New Port may be stopped from drawing on a loan facility, tipping the cargo-starved terminal into a financial crisis, according to a local news report, writes Mike Grinter in Hong Kong. The state-of-the-art facility, which began operating in 2006, has struggled to attract cargo ever since. Despite a capacity in excess of 3... http://lloydslist.com/ll/news/pusan-new-port- in-crisis-as-lender-threatens-action/12139671 95612.htm