The Port of Qingdao saw container shipping of 10 million twenty-foot equivalent units (TEU) today, marking another milestone since shipping through the port reached 300 million tons on Dec 13 this year, said the company in a statement.
The company expects the total container throughput to hit 10.21 million TEUs in 2009.
Affected by the economic slowdown [...]
Port operator China Merchants Group and Qingdao Port on Friday said they are setting up a 6.22 billion yuan joint venture to build and operate a container terminal in Qingdao, Shandong province.
Qingdao New Qianwan Container Terminal, invested by Qingdao Port Group, COSCO Pacific, DP World, AP Moller-Maersk Group and Pan Asia Shipping, and China Merchants [...]
Hong Kong saw the total port cargo throughput fall to 64.4 million tons in the third quarter of the year, down 4 percent over the same period last year, the local statistical authority said Monday.
Within this total, inward port cargo dropped 2 percent to 36.3 million tons and outward port cargo fell 7 percent to [...]
Qingdao Port, the seventh-largest port in the world, is gearing up to make itself the international freight center of Northeast Asia, constructing a series of new docks and developing a newly approved bonded area.
“Actually, we are building another Qingdao Port,” said Tian Guangwen, vice president of Qingdao Port (Group) Co Ltd, referring to the new [...]
The Chinese container freight business, partly buoyed by Christmas orders, is enjoying its best numbers since the start of the global financial crisis.
But negative factors are helping keep optimism at bay among the country’s ports and shipping companies.
Through Sept 11, the Chinese Container Freight Index rose to 941.9 points after continuous increases during the previous [...]
The northern section of Yangshan Deep-water Port has received national certification after an inspection, Ministry of Transport officials said yesterday. The certification means the project meets national standards.
Phase 3B of the project cost a total of 15.7 billion yuan (US$2.3 billion) and was put into trial operation last December.
“The northern section of Yangshan port will [...]
