Tianjin keeps pace with more box terminals
DP World Tianjin Holdings – a joint-venture between DP World and the Tianjin Port Group – is to build and manage a new container terminal at the Chinese port of Tianjin.
Investment will be $500m.
DP World and NWS Holdings Ltd hold a combined 49% stake in another port project: Tianjin Orient Container Terminals, in which Tianjin Port Holdings holds the other 51%.
At the same time, APM Terminals, Cosco Pacific and Tianjin Group are to jointly develop berths 5-7 at Tianjin North Port Container Terminal, which will be served by 1,100m of quay, with alongside draught of 15.5 metres.
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