Baosteel Logistics invests RMB2bn in terminal

Shanghai: Baosteel Logistics (Jiangsu) is investing RMB2bn in terminal construction at Haimen, Jiangsu. The project will be divided into three phases, with a total of 18 berths once complete.

The first phase consists two bulk cargo berths, which could both accommodate ships above 10,000 dwt. Baosteel is hoping to strengthen cooperation with traders to expand its logistics business, the company said. [28/10/13]

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