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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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Opening ceremony of Qingdao Qianwan Container Terminal

Date:2004-01-09     Publish:本站

An opening ceremony of Qingdao Qianwan Container Terminal Co., Ltd. ("QQCT" or the "Joint Venture Company") is held today in Qingdao. COSCO Pacific Limited ("COSCO Pacific") holds 20% equity interest of the Joint Venture Company, which commenced its operation on 1st January 2004.

COSCO Pacific and A.P. Moller joined hands together with Qingdao Port Company and P&O Ports to establish QQCT. The Joint Venture Company has extremely strong foundations and great prospects in the future with its emergence among the world's leading container terminals.

With 10 berths, a quay length of about 3,400 meters, a depth alongside of up to -17.5 meters and a depot area of 2.25 million square meters, QQCT is designed to handle the world's largest container vessels with more than 6.5 million TEUs annual handling capacity.

Capt. WEI Jiafu, President of China Ocean Shipping (Group) Company and Chairman of COSCO Pacific, said that through the joint efforts of the four parties, QQCT would rapidly turn into one of the most competitive and strongest container terminal operators in China and even in the world, serving the booming international trade through Northern China.