Greater ChinaPorts and Logistics

Zhejiang to integrate three ports

Zhejiang government has started preliminary works to integrate three ports in the province, Jiaxing Port, Wenzhou Port and Taizhou Port.

Two other major seaports in Zhejiang, Ningbo Port and Zhoushan Port have already completed a merger in 2015.

Zhejiang State-owned Assets Supervision and Administration Commission established a new entity named Zhejiang Port Investment Operation Group in 2015, which will be the operating platform for all the port assets in the province upon completion of the integration.

The group will be the largest port company in China in terms of port throughput, and it plans to list on the stock exchange in the near future.

The government is expected to complete the integration of the three ports in the first half of 2016.

Zhejiang completed overall port cargo throughput of 1.1bn tons in 2015, and Ningbo-Zhoushan Port completed 890m tons in the year, ranked number one in the world.

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.
Back to top button
Close
Close