Ulsan Port Authority Recognizes Best Tank Terminals for ESG Excellence

• Ulsan Port Authority (UPA) has announced the winners of its first-ever ‘Best Tank Terminal at Ulsan Port’ program, highlighting exceptional ESG (Environmental, Social, and Governance) practices.
• The program evaluated 12 commercial tank terminals using 13 indicators across four categories: environmental responsibility, social responsibility (including safety), business operations, and contributions to the local community.
• Jeongil Stolthaven Ulsan was named the 2024 Best Tank Terminal for its safety, environmental management, and sustainability efforts.
• Additional accolades were given to United Terminal Korea, Vopak Terminals Korea, and Hyundai Oil Terminal for their respective contributions to training, technology, safety, and community development.

According to Freightweek, The ‘Best Tank Terminal at Ulsan Port’ initiative, launched by UPA, aims to promote sustainable corporate practices and enhance the global recognition of Ulsan Port’s tank terminals. The evaluation process emphasized ESG criteria, ensuring that award recipients contribute positively to the environment, society, and local community while maintaining robust business operations.

2024 Best Tank Terminal: Jeongil Stolthaven Ulsan

Jeongil Stolthaven Ulsan was awarded the top honor for its outstanding safety and environmental management systems, alongside significant investments in sustainable business practices.

2024 Excellent Companies

• United Terminal Korea: Recognized for exemplary training programs in environment and safety and contributions to industry development.
• Vopak Terminals Korea: Commended for technological advancements and proactive safety measures.
• Hyundai Oil Terminal: Praised for creating local job opportunities and aligning operations with government policies supporting the local community.

Commitment to Global Competitiveness

BYEON Jaeyoung, President of UPA, stated that the awards aim to enhance the credibility and visibility of Ulsan Port’s tank terminals on the global stage. He emphasized that these recognitions would strengthen the port’s cargo volume and global competitiveness while advancing its role as a global energy hub port.

Through collaborative efforts, innovation, and a steadfast commitment to sustainability, UPA continues to drive the growth and global stature of Ulsan Port.