Dalian: To further boost its preeminence in the iron ore shipping market, Qingdao port is planning the construction of another giant terminal.
Qingdao Port Group and Vanbon Group, a subsidiary of Singapore’s IMC Group, have launched a jv logistics company in Qingdao port, with $120m investment for the first phase cooperation to jointly develop and operate iron ore and other bulk cargo logistics projects at Dongjiakou port. The two parties will also develop and build another 400,000 dwt-class iron ore terminal at Qingdao port, Chang Dechuan, chairman of Qingdao port said.
Currently, Qingdao port is operating the world’s largest 300,000 dwt-class iron ore terminal, which is designed to be expanded to 400,000 dwt-class in the coming years. [17/04/13]