Hong Kong: Dalian Port has entered in to a joint venture with Norway-based chemical tanker and tank terminal operator Odfjell to build a tank terminal for oil and chemical products at China's Caofeidian Industry Zone. Â
Upon approval by the 310sq km Caofeidian Industry Zone (CFDIZ) overall holding company, the jv company will both build and operate the new terminal. The terminal will be built on a 750 000sq metre area and feature a draft of 15 meters along its 1,600metre waterfront, which will allow vessels of up to 100,000dwt to berth.
The terminal will benefit from the CFDIZ's logistical connections with China's hinterland. [15/08/07]
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