JV at Qingdao

Hong Kong-listed China Merchants Holdings (CMHI) has boosted its presence in Qingdao port. CMHI subsidiary China Merchants International Container Terminal Qingdao (CM Qingdao) has launched a 50-50 joint-venture with Qingdao New Qianwan Container Terminal Company (QQCTN).

Qingdao Qianwan United Container Terminal, will operate nine berths, totalling 3,163 metres – four of Phase IV, Qianwan Harbour District of QQCTN and five of CM Qingdao. Total investment in the JV is RmB6.2bn (US$911m).