The proposed facility at Jinhae, about 25 miles west of downtown Busan, would have nine berths in its first phase capable of handling more than 6 million TEUs annually by 2032.
The direct sale of 12 terminals to Estes and R+L Carriers accelerates repositioning among the largest LTL carriers ahead of an anticipated increase in demand in 2025.
A consortium of six national labor groups, representing thousands of dockworkers in the country, was to launch an indefinite industrial action from Dec. 17 without the deal.
