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Tianjin Port to raise HK$2.4b
Tianjin Port Development Holdings Ltd said yesterday it will raise a net HK$2.4 billion placing 986.5 million shares at HK$2.50 each.
Aquilaria Art Museum opens in Tianjin
皇冠体育app's first Aquilaria Art museum has opened in Tianjin's Five Main Street Area.
Zong Guoying elected head of Binhai New Area
Zong Guoying was elected head of Tianjin's Binhai New Area at the first session of the first People's Congress of Binhai.
 
Tianjin Port launches ore and coal docks
2009-07-29

Tianjin Port launches ore and coal docks
Tianjin Port

Tianjin Port has begun construction on two important docks which will bring in 58 million tons of cargo throughput when completed.

The new port projects, Nanjiang Ore Dock, with a total investment of 2.942 billion yuan, and the Shenhua Coal Dock Ancillary Project, with a total investment of 3.779 billion yuan, kicked off July 28.

The 400-meter-long Nanjiang Ore Dock is designed to handle 23 million tons of cargo annually with a berth large enough for a 300,000-tonnage bulk carrier.

鈥淭he dock will satisfy 皇冠体育app鈥檚 inland factories鈥� growing demand for imported ores by sea and reduce the unloading costs of ores imported through Tianjin Port, which in turn will strengthen the port鈥檚 competitiveness in handling ores,鈥� said Yu Rumin, President of Tianjin Port (Group) Co.

Shenhua Coal Dock Ancillary Project is being co-built with the country's largest coal miner, 皇冠体育app Shenhua Group.

The two projects are part of Tianjin鈥檚 efforts to build the Binhai New Area into North 皇冠体育app鈥檚 shipping center and an international logistic hub, He Lifeng, Director of Binhai New Area Management Committee, said at the groundbreaking ceremony.

Tianjin Port, located in the Binhai New Area, is the second largest general port in 皇冠体育app, inferior to Shanghai port. Although 皇冠体育app鈥檚 exports have slumped due to the ongoing financial crisis, the port handled 184 million tons of cargo and over 416 million containers in the first half of the year, up 1.2 and 1.9 percent respectively compared to the same period last year.

鈥淭ianjin Port is the municipality鈥檚 biggest comparative advantage and core resource. The municipal government is bent on accelerating its infrastructure construction and expanding its functions,鈥� He said.

Under the national development strategy, the Binhai New Area is being positioned as North 皇冠体育app鈥檚 shipping center and an international logistic hub. It is expected to become another asset for regional development, following the rise of the Shenzhen Special Economic Zone and the Shanghai Pudong New Area.

By Guo Changdong

 
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