JV to build specialised coal terminal at Caofeidian Port

Northern Chinese port operator, Qinhuangdao Port, has set up a jv with Datong Coal Mine Group and Caofeidian Port Group for the investment and construction of phases six and seven of a coal terminal project at Caofeidian Port.

The jv will focus on the investment and construction of two 50,000,000-tonnes per annum specialised coal terminals at Caofeidian Port, with total designed annual handling capacity of 100m tonnes.

The total registered capital of the jv will be RMB3bn. Qinhuangdao Port, Datong Coal Mine Group and Caofeidian Port Group will contribute RMB1.77bn, RMB1.2bn and RMB30m separately, representing 59%, 40% and 1%.

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The terminals will have 10 specialised coal berths, including one 50,000-tonne berth, two 70,000-tonne berths and two 100,000-tonne berths for phase six and phase seven respectively.

The planned terminal project is located at the eastern coastline of Caofeidian Port, Hebei province.

Posted 1 March 2019

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Katherine Si

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China Correspondent With extensive experiences in writing, research and social media promotion, China-based Katherine focuses on shipping and transport sectors. She had worked for maritime industry since 2008 and had been well connected with local industry players.

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