The Port of Busan may be losing market share to its smaller peers, Inchon and Kwangyang, in handling South Korean container traffic. Total handling across the country increased 3% in the three months to January 31, whereas Busan’s dropped 1%. This was partly due to lower transshipments, with its underlying outbound traffic rising 6%. The other ports’ international traffic increased 14% however. There may be more to come. Busan is more heavily exposed to the U.S., where Panjiva data shows shipments from South Korea dropped 4% on a year earlier in February.