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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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COSCO Pacific invest in phase II of Yangshan Deepwater Port, Shanghai

Date:2005-12-19     Publish:本站

On 19 December 2005, COSCO Pacific Limited ("COSCO Pacific" or "the Company") announced that it entered into agreement to build and operate the terminal at Phase II of Yangshan Deepwater Port, Shanghai ("Yangshan Phase II Terminal") with Shanghai International Port (Group) Co., Ltd., Hutchison Whampoa Limited, A.P. Moller - Maersk Group and China Shipping Group. Mr. HAN Zheng, Mayor of Shanghai, Capt. WEI Jiafu, President of COSCO Group and Chairman of COSCO Pacific and Mr. SUN Jiakang, Vice Chairman and Managing Director of COSCO Pacific attended the signing ceremony in Shanghai.

Subsequent to the Phase I of Yangshan Deepwater Port, Yangshan Phase II Terminal is another monumental port project approved by National Development and Reform Commission, PRC. Yangshan Phase II Terminal will comprise of four deep-water berths capable for accommodating 100,000-ton or above container vessels. Total quay length is 1,400 meters. Water depth alongside reaches over 15 meters. The terminal has a total area of 640,000 square meters.

The joint development of Yangshan Phase II Terminal represents a win-win cooperation for all participating partners. We are confident that the project will have remarkable future prospect and will lead Shanghai to become one of the major shipping hub in the region.

Mr. HAN Zheng, Mayor of Shanghai (eighth person from the left), Capt. WEI Jiafu, President of COSCO Group and Chairman of COSCO Pacific (sixth person from the left) and Mr. SUN Jiakang, Vice Chairman and Managing Director of COSCO Pacific (third person from the left) attended the signing ceremony in Shanghai.

Mr. SUN Jiakang, Vice Chairman and Managing Director of COSCO Pacific signed the joint venture contract.