Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Yangshan CT Phase 3 investors announced

Article-Yangshan CT Phase 3 investors announced

Yangshan CT Phase 3 investors announced

Shanghai: Shanghai Port authorities have announced the list of investors for Phase 3 of the Yangshan Container Terminal development project scheduled to begin in December 2007. China Shipping and Singapore based PSA are each to finance 30% of the 9bn yuan ($1bn) needed for the development of seven berths with a total pier length of 2,600 metres. Additional investors are Shanghai International Port Group (who will supply 20% of the total investment), COSCO Group (10%) and CMA-CGM (10%). PSA is a new investor in the Yangshan project unlike China Shipping, which was involved in Phase 2 of the development. Under the new phase, berths at the container terminal will boast a five million teu annual handling capacity.  [07/02/07]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.