Busan port plans to grow

Due to current tendency of containership growth, the port of Busan makes huge plans for expansion. By 2020 it plans to become the largest port ever after the port of Singapore. The capacity announced to increase to 13 million TEU a year. The project is 17 m depth by 2017 and getting rid of Todo island situated at the port entrance by 2019. Moreover, current multipurpose terminal is going to be replaced. That area will be filled with new storage area and a yard tractor shuttle road in 2018.There will be more details of total reconstruction announced.

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Re-opening of Suez Canal

The ceremony of inauguration of the New Suez Canal is scheduled on August 6th. The canal has been under the process of expansion for the last few months. Reconstruction plans were to make 2-way highway for ships. Once this project is finished, the updated Canal will be able to let 20 000 vessels per year to go through, that will bring extra USD 17 billion.
However, Egyptian government is ready for all possible situations. The country alert level raised to maximum to prevent all undesirable consequences.