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INCHON city in South Korea is building six container berths and an equal number of multi-purpose berths at New Songdo Port. The Inchon City administration stated today that an MOU will be signed next month with Pyne Company of the US and Germany’s Hinneberg. A total of W1.8Trn ($1.5Bn) will be invested for berth construction and developing port hinterland and a logistics complex. Each berth would be able to take in 6,000 TEU ships. Construction is expected to begin in 2006. ------ Reply ------
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