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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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Tianjin Five Continents International Terminal commenced operation together with celebration of throughput achieved 1 million TEUs

Date:2005-11-28     Publish:本站

Tianjin Five Continents International Container Terminal Co., Ltd. ("the joint venture company"), 14% owned by COSCO Pacific Limited ("COSCO Pacific"or the Company"), held a ceremony on 28 Nov 2005 to celebrate its operation commencement of 4 berths of Dongtudi Terminal at Tianjin Port in China, together with celebration of throughput achieved 1 million TEUs. Mr. MA Zehua, Vice President of China Ocean Shipping (Group) Company and Mr. SUN Jiakang, Vice Chairman and Managing Director of COSCO Pacific witnessed the ceremony together with honourable guests including Mr. HUANG Xingguo, Vice Mayor of Tianjin Municipal Government and representatives from shipping and financial industry.

The joint venture company was jointly established by COSCO Ports (Tianjin) Limited, a wholly owned subsidiary of COSCO Pacific, Tianjin Port Holdings Co., Ltd., NWS Ports Management Limited, China Shipping Terminal Development Co., Ltd. and China Merchants International Terminals (Tianjin) Limited on 7 November 2005, with respective equity interest of 14%, 40%, 18%, 14% and 14%. Registered capital is RMB1.13 billion. Total investment amounts to RMB2.58 billion.

Dongtudi Terminal comprises of 4 deep-water berths and is capable of serving the fifth and the sixth generation container vessels. Total quay length is 1,202 meters. Water depth alongside reaches 15.7 meters, and can be further dredged to 17.5 meters. The terminal has a total area of about 550,000 square meters. Its annual handling capacity amounts to 1.5 million TEUs.

Tianjin Port is the fifth largest container port in China, registered a total throughput of 3.81 million TEUs in 2004. Situated in a key location in the Bohai region, Tianjin Port enjoys excellent geographical advantage serving northern provinces and coastal areas.