SHENZHEN CONTINUES TO CLIMB
The Chinese port of Shenzhen reported a 32% first half throughput growth with a total of 6.06mTEU, in line with expectations. The ports three terminals forecast reaching at least 13mTEU by the end of the year.
The project involves the construction of both container terminal and multipurpose berths. P&O has the right to acquire 69% of Kulpi Port Company to which BPL will assign a 50-year concession to develop, operate and maintain the port. Two new berths are envisaged initially with additional capacity to be developed in line with demand.
Shenzhen is the second busiest container port in mainland China behind Shanghai, which achieved 29.3% first half growth, handling 6.75mTEU.
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