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Qinhuangdao Port Group Shanhaiguan Terminal Co., Ltd was formally established

¡¡¡¡With joint investment from Qinhuangdao Port (Group) Corporation and the State Asset Operation Co., Ltd of Qinhuangdao Economic & Technology Development Zone, Qingang Group Shanhaiguan Terminal Co., Ltd was formally established on July 18, 2007. With it, Qinhuangdao port will increase its annual output by 2.7 million tons.
¡¡¡¡Situated where the Northeast China, North China and Bohai-Rim economic zones meet, construction of the Shanhaiguan terminal was fully under way from last July. Initially, two 35,000-ton general berths will be built capable of an annual turnout of 2.7 million tons. To be completed by the end of year 2008, the terminal will play a key role in the development of a Northern China base for the processing of grains, oil and foodstuff and the production of export-oriented heavy-duty equipment.
¡¡¡¡It is learned Qinhuangdao port, which holds 60% of the shares of Qingang Group Shanhaiguan Terminal Co., Ltd, is currently engaged in discussions about business listing with a number of financial institutes.
¡¡¡¡Brief Report
¡¡¡¡At the "Senior Seminar on the Scientific Development Mode of Qingdao Port" opened on July 15, Chang Dechuan, Chairman of Qingdao Port (Group) Co., Ltd, disclosed that Qingdao port will be listed before the end of this year, with fine quality assets to include bulk and miscellaneous goods and so on. He said, the output of Qingdao port will reach 260-270 million tons and over 9 million TEU this year, and 300 million tons and 10 million TEU next year. Meanwhile, efforts will be made to achieve an annual turnout of 300 million tons, 400 million tons and 500 million tons in the next eight years.
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