EUKOR celebrates ground-breaking ceremony for new RoRo terminal

EUKOR celebrates ground-breaking ceremony for new RoRo terminal
Second purpose built car terminal in Korea

On May 23 EUKOR Car Carriers hosted a grand ceremony to celebrate the groundbreaking of the second purpose-build car/RoRo terminal in Pyeongtaek. Terminal 12 will together with terminal 11, which already is under construction, be developed into a hub port for both import and export cars not only for Korea, but also for the wider Northeast Asia region. EUKOR and its co-investor Wallenius Wilhelmsen Logistics are building two new terminals in the port of Pyeongtaek from reclaimed land – being one of the largest foreign invested infrastructure projects in Korea.

More than 200 distinguished guests participated in this milestone event for Korea. The newly appointed Minister of MOMAF Mr. Moo-Hyun Kang and the Governor of Gyeongki Province Mr. Moon-Soo Kim both participated in the ceremony together with many other important VIPs from MOMAF, Pyeongtaek and the Korean shipping community. Also the Norwegian and Swedish ambassadors and the deputy Chief of the German embassy participated making this a truly international event.

CEO & President Carl-Johan Hagman in his speech said “our investment here in Pyeongtaek is a testament to our continued commitment to developing the transportation industry out of Korea, which is essential for the Korean car makers to remain competitive”. Further, Mr. Hagman thanked MOMAF and the city of Pyeongtaek for its continued support in developing the terminals, and enabling EUKOR to create a true logistics hub for automobiles in Northeast Asia.

The terminal (no. 12) will be located next to terminal no. 11 and the combined storage capacity will be around 10,000 units and a yearly handling capacity in excess of 600,000 units. Terminal 11 will already be operational by end of 2008, while terminal 12 will follow in late 2009. Together with the adjacent Kia Motors terminals (number 9 and 10) the future Pyeongtaek car/RoRo terminal will be one of the very biggest dedicated car/RoRo terminals in the world.