MB5-705    | CCD-410    | 400-101    | M70-101    | 98-365    | C2020-702    | MB6-702    | M70-201    | 300-208    | HP0-J73    | C2180-410    | 70-532    | E20-026    | 220-802    | M70-301    | 1z0-432    | CAS-002    | 70-414    | N10-005    | 3309    | HP0-D30    | 98-349    | 1Z0-052    | 640-864    | HP2-Z36    | MB6-871    | MB7-701    | 400-051    | 6209    | C_TFIN52_66    | 70-346    | A00-211    | M70-201    | C2070-991    | CISSP    | 220-802    | 220-801    | CCD-410    | E10-001    | HP0-S41    | AWS-SysOps    | E20-026    | C4040-251    | NS0-157    | HP5-B04D    | A00-211    | 9L0-422    | 700-201    | 70-533    | JN0-102    | 3308    | DEV-501    | 70-243    | 70-680    | C_TAW12_731    | M70-101    | LX0-103    | 98-367    | 70-488    | 300-115    | 300-075    | 70-410    | 1Z0-060    | CTFL_001    | MB5-705    | JN0-102    | 350-018    | 70-488    | 1Z0-060    | C4040-252    | MB2-703    | 70-332    | C4040-250    | 642-874    | 220-801    | 70-486    | VCP550    | 300-115    | C4040-251    | 640-461    | MB6-871    | 100-101    | top MB7-701 test for sale discount 70-466 dumps for sale pass 70-480 exam for sale sale 70-414 pdf top MB2-701 pdfs No.1 EX0-001 dumps sale cheap 300-208 test sale ICGB exam download discount 640-461 exams buy 70-463 dumps leader 100-101 download pass 700-501 dumps for sale cheap EX300 certs best 98-349 sale MB7-701    | 70-413    | 70-467    | A00-211    | 70-332    | 70-412    | VCP-550    | 810-401    | AWS-SysOps    | 70-346    | 1Z0-053    | 70-414    | 810-401    | PRINCE2 Practitioner    | 700-501    | CCA-500    | N10-005    | 70-243    | E10-001    | VCP-550    | 1Z0-062    |
COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

Home | 中文 | Sitemap | Printer Friendly | Intranet

Company News

Home > Media Centre > Company News

Signing joint venture contract of Quanzhou Pacific Container Terminal Co., Ltd.

Date:2006-08-08     Publish:本站

Signing Joint Venture Contract of Quanzhou Pacific Container Terminal Co., Ltd.
 

On 8th August 2006, COSCO Pacific Limited ("COSCO Pacific" or the"Company") announced that its wholly owned subsidiary, COSCO Ports (Quanzhou) Limited entered into a joint venture contract with Quanzhou Port Container Co., Ltd. to set up Quanzhou Pacific Container Terminal Co., Ltd. ("Joint Venture Company") to manage and operate four berths in Shihu area at Quanzhou Port. Besides, the Joint Venture Company will construct a new container berth in Shihu area and a new multi-purpose berth in Xiutu area. COSCO Ports (Quanzhou) Limited owns 71.43% of equity interest of the Joint Venture Company and Quanzhou Port Container Co., Ltd. holds 28.57% equity interest. The total investment and registered capital of the Joint Venture Company are approximately US$99 million and US$50 million, respectively.

The container terminal is to be equipped with a designed capacity of 1,000,000 TEUs. It has a total yard area of about 280,000 square meters, quay length of 970 meters and water depth alongside with a maximum of 15.1 meters. The Joint Venture Company will construct a new container berth capable of handling 100,000 DWT vessel in Shihu area and one multi-purpose berth capable of handling 50,000 DWT vessel in Xiutu area. The operations of these two new berths are expected to commence by 2008.

Located at Quanzhou City in Fujian province, Quanzhou Port is the thirteenth largest container port and the fifth largest domestic trade container port in China in terms of container throughput. Quanzhou Port handled 630,000 TEUs in 2005. The container throughput of the port is expected to reach 870,000 TEUs and 2,000,000 TEUs in 2006 and 2010, respectively. The GDP of Quanzhou City recorded RMB180 billion in 2005, ranked number one among cities in Fujian province with 25% of total GDP of Fujian province. The GDP of Quanzhou City is expected to achieve RMB284.5 billion in 2010. Quanzhou Port is the Company's first container terminal investment in Fujian province and the investment in Quanzhou Port would further enhance the Company's terminal portfolio in China Mainland.