Shanghai: China's Tianjin Port Company has announced that it is to set up a new coke dock company. The 600m yuan ($82.5m) Tianjin Port Coke Dock Company will feature two 50,000-ton deepwater berths and offer stocking, loading, unloading, assembly and dismantlement of containers. The first berth, used for coke, will be 704mtr long with a yearly throughput of 14.5m tons, while the other will cater to imports and exports of non-metal ores.
The new dock will grant the port access to a larger market share in the skyrocketing dry bulk sector, and will add to the services currently offered at the port. The Tianjin Port Company has also agreed to sell additional assets estimated to be worth 135m yuan ($18.5m) to the new company to ensure integration of operational assets. [07/01/08]
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