Tianjin Port and Tangshan Port set up container terminal jv

Tianjin Port and Tangshan Port set up container terminal jv

China’s Tianjin Port and Tangshan Port have signed a strategic agreement to jointly develop a container terminal in Tangshan Port’s Jingtang port area.

According to the agreement, the two companies will each invest RMB500m ($74.8m) to set up a joint venture for the development. Tianjin Port will also gradually acquire all the container shipping assets of Tangshan Port, in an effort to optimize shipping assets in Tianjin and Hebei province.

Tangshan Port is one of the major bulk shipping ports in North China and it completed a container shipping volume of 1.11m teu, accounting for 44.2% of the container shipping volume in Hebei Province, and ranks 20th amongst Chinese ports in terms of volume.

In January, Tianjin Port also set up a joint venture with Hebei Port Group to acquire a multi-purpose terminal in Huanghua Port and a bulk terminal in Tianjin’s Gaoshaling port area.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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