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Shipping giants eye Shanghai port

BEIJING - Construction of the Yangshan wharf in Shanghai is proceeding well, and port giants have expressed an interest in conducting business there.

So far, over 20 Chinese and foreign enterprises have expressed their intention of investing in the Shanghai Yangshan Deep Water Wharf. These enterprises included international shipping giants such as Singapore Port Group, China Ocean Shipping Group Company, China Shipping Group, P&O Nedlloyd Port and P&O Nedlloyd.

According to a plan, the first phase of the project consisting of five berths has gone into operation, and is operated by the Shanghai International Port Administrative (Group) Company Ltd.

The second phase of the Yangshan Deep Water wharf is located in the west of the first phase wharf with the 1,400 meters of coastal line. Four deep-water berths will be built by the end of 2006.

Port officials hope to hold an evaluation meeting for the second phase project by the end of this year to approve the project as quickly as possible.

(Asia Pulse/XIC)
 
Nov 15, 2003


 


   
         
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