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ONE Partners with Dongwon on Busan Terminal

Ocean Network Express said it has completed a long-term partnership with Dongwon Group by acquiring an indirect stake in Dongwon Global Terminal Busan, strengthening its position at one of Asia’s key transshipment hubs. The Busan facility is South Korea’s first fully automated container terminal, using automated guided vehicles. When fully built out, it is expected to handle more than 4.5 million twenty-foot equivalent units annually, with five berths and one feeder ... [+]

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