The 8th Investment and Trade Symposium opened on June 8. On the symposium, Ningbo Port Group cooperated with OOOL Container Terminal (Ningbo) Limited Company, COSCO Terminal (Ningbo Beilun) Limited Company and SDIC Communication Company to set up Ningbo Far East Terminal Limited Company with total investment of 780 million RMB. Registered capital was 390 million RMB, 50% of which was owned by Ningbo Port Group. The new company will be responsible to manage Ningbo Port Beilun Fourth Stage engineering - 310-meter shore line and related assets. Its business will include port service and apparatus service at public terminals.

On the same day, Ningbo Port Group signed an agreement with Ningbo Chemical Industry Area Management Council to construct one liquefied chemical storage company at Zhenhai Harbour Area. It was learned that registered capital of the new company was 100 million RMB and total investment reach 780 million RMB. Its business will cover handling, storing, transferring and departing to load liquefied chemical products and petroleum. It was the largest joint venture project at Zhenhai Harbor Area.  

Source: Press Release

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Asia  China  Ningbo Port  development  ports