Gwangyang Port

From Global Energy Monitor

Gwangyang Port is in South Jeolla Province, South Korea.

The Port of Gwangyang handles coal, as well as petrochemical products, fertilizers, iron ore, and steel products.[1]

Location

Gwangyang Port is in South Jeolla Province, South Korea.

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Background

Gwangyang city is the home of the POSCO Gwangyang steel plant, the largest steel plant in the world. The port imports coal, ore, and limestone to feed the steelworks.[2]

Russian coal shipments have been brought into the port from Rason Port in North Korea.[3]

In 2015, the Gwangyang Port handled 25.5 million tons of coal.[4]

Yeosu Region

The Port's Yeosu area includes three terminals specialized in coal handling:[5]

  • Yeosu power station coal port (listed as private-owned): 2.2 million tons of coal capacity per year
  • Honam power station coal port (listed as state-owned): 3.6 million tons of coal capacity per year
  • Nakpo coal port (listed as state-owned; may be associated with Kumho Terminal Operation, a subsidiary of Kumho Petrochemical Co.[6], which operates the Kumho Yeosu CHP power station): 5.2 and 0.8 million tons of coal and ore capacity per year

Gwangyang Region

The Port's Gwangyang area also includes at least one other terminal specialized in coal handling:

  • Raw material and CTS terminal (listed as state-owned): 50.7 million tons of coal and iron ore capacity per year (materials for steel making)[7]


POSCO Terminal’s Gwangyang CTS port handled 8 million tons of cargo in 2015. Given that 95.6% of the cargo handled at POSCO Terminal's two ports was coal in 2016, the majority of the capacity can be assumed to be coal.[8] POSCO's clients include the following entities:

  • Cogeneration Plant companies: Hanhwa Energy, Gunjang Energy, GS E&R, Boim Energy, Gimcheon Energy, etc.
  • Thermoelectric Plant companies: Korea East-West Power, Korea South-East Power, Korea Midland Power, etc.
  • Concrete Producing Companies: Hanil Cement, Sungshin Cement, etc.[8]


Note: A related website provides slightly different capacity numbers for the terminals in both regions.[9]

Project Details

  • Operator: Yeosu Regional Maritime Affairs and Port Administration
  • Location: South Jeolla Province, South Korea
  • Annual Coal Capacity (Tonnes): 25.5 million
  • Status: Operating
  • Type: Imports
  • Sources of coal: Russia

Articles and resources

References

  1. "Port of Gwangyang," World Port Source, accessed May 2015
  2. "The port of Yeosu & Gwangyang," Yeosu Regional Maritime Affairs, accessed May 2015
  3. "North Korea, South Korea, Russia to cooperate on coal shipment," NK News, October 15, 2014
  4. "Gwangyang Port Development Project," Yeosu Gwangyang Port Authority, accessed October 2021
  5. "Gwangyang Port Yeosu Region," Yeosu Gwangyang Port Authority, accessed October 2021
  6. "eTEC E&C awarded Nakpo Coal Port Project for Kumho Terminal," eTEC E&C, January 28, 2011
  7. "Gwangyang Port Gwangyang Region," Yeosu Gwangyang Port Authority, accessed October 2021
  8. 8.0 8.1 "Terminal Operations," POSCO Terminal, accessed October 2021
  9. "Gwangyang Port (Gwangyang area)," Yeosu Regional Office of Oceans and Fisheries, accessed October 2021

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