Already hampered by heavy snowfall across wide swathes of the country last week which affected deliveries of key commodities such as thermal and coking coal and liquefied natural gas (LNG), China looks set for more supply issues as a cold front brings continued bad weather this week, wire reports said.
China Shipbuilding Industry Corporation (CSIC) has established a new marine propulsion facility in Qingdao, Shandong province.
Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
APM Terminals has secured a 20% stake in the newly developed multipurpose terminal in Qingdao’s Dongjiakou Port, located on China’s Bohai Rim in the Shandong province.
A 400,000-dwt valemax, owned by China Ore Shipping, has arrived off the coast of China’s Qingdao on Tuesday and is expected to call at Dongjiakou port, local reports said, signalling an end to earlier opposition voices from China to disallow valemaxes into the country.
China’s Qingdao Port International and towage and emergency response firm Svitzer have inked a cooperation agreement.
Qingdao Port International posted higher earnings for the financial year 2014 on growth from its logistics and various port services.
Vale’s port terminal Ponta da Madeira has signed a cooperation agreement with China’s Qingdao port for an increase in the handling of iron ore between the terminals.