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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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Nanjing Port Longtan Container Co., Ltd commenced operation

Date:2005-08-26     Publish:本站

The operation of Nanjing Port Longtan Container Terminal Phase I ("Nanjing Longtan Terminal") was officially commenced on 26 August 2005. The terminal is operated by Nanjing Port Longtan Container Co., Ltd. (the "joint venture company"), which is 20% owned by COSCO Pacific Limited ("COSCO Pacific"or the "Company"). Mr. CHEN Hongsheng, the Executive Vice President of COSCO Group and the Executive Director and the President of China COSCO Holdings Co. Ltd., attended and addressed the ceremony.

The joint venture company is jointly established by COSCO Ports (Nanjing) Limited, a wholly owned subsidiary of COSCO Pacific, Nanjing Port Authority, Nanjing Port Co., Ltd., Shanghai Port Container Co., Ltd. and Shanghai Port Container (Macau) Co., Limited. The joint venture company has a total investment of RMB820 million (about USD98.8 million) and a registered capital of RMB474 million (about USD57.1 million), which is 57.8% of the total investment.

Nanjing Longtan Terminal is the first terminal dedicated for container loading in Nanjing Port and is one of the most professional container terminals in inland river area. Nanjing Longtan Terminal has 5 berths in total with a quay length of 910 meters, a water depth alongside of 12 meters and a container yard area of 930,000 square meters. Its depot area is 208,000 square meters and the annual handling capacity will be 1,000,000 TEUs.

Nanjing Port is a multi-function port providing services of cargo distribution and transshipment in the Yangtze River Delta. It is also the largest inland river port and one of the major regional hub ports in China. The joint venture company aims to expand the shipping routes of Nanjing Port and to position Nanjing Longtan Terminal as the major hub along the Yangtze River. COSCO Pacific believes that the investment will further strengthen our terminal business and market share in the Yangtze River Delta.