Guangzhou Port reveals expansion plans

Guangzhou Port reveals expansion plans

Guangzhou Port has announced a plan to develop a new terminal at its Xinsha port area and a new car terminal at Nansha port area.

The port operator will invest RMB1.863bn ($280m) for the construction of two 70,000 dwt berths and two grain warehouses with total capacity of 148,000 tons. The terminal will have a designed cargo handling capacity of 14.05m tons each year. Construction of the project will start in 2018 and is expected to be completed in 2020.

Guangzhou Port expects the new grain terminal will meet the growing grain shipping demand in the hinterland region.

Additionally, Guangzhou Port has acquired a 60% equity stake in Guangzhou Coast Port Invest & Management Company for RMB150m ($22m) via a joint operations agreement. Guangzhou Coast Port Invest & Management Company will use the new investment fund to develop two breakbulk/roro berths with annual handling capacity of 100,000 vehicles.

Guangzhou Port completed its IPO on Shanghai Stock Exchange at the end of March. The company intended to use the proceeds from the IPO for the development of new port infrastructure.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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