The former Korean concession operated by a DP World consortium welcomed its first ship under its new management this week. Pusan Newport International Terminal (PNIT), a joint venture between PSA International (PSA) and Hanjin Corporation in Busan New Port, South Korea, started commercial operations and handled more than 800 moves from its first vessel, the APL Spinel, on 29 March 2010. The 3,800 teu ship was on a regular US east coast service. With nine quay cranes, 1,200 meters of berth length, 84 hectares of terminal area and a maximum water depth of 16 meters, PNIT is equipped to handle 2m teu a year. Its current customers include APL, HMM, MOL, OOCL and Hapag Lloyd.