Dalian Port jv to build new tank terminal

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.  

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]