Chinese terminal operating heavyweight China Merchants Group is planning to build 29 new terminals in Asia by 2010, according to a Xinhua report.
Hu Jianhua, vice general manager of China Merchants Group said the expansion would include 25 container berths in western Shenzhen, Zhangzhou, Qingdao, Tianjin, Shanghai and Ningbo, as well as new berths in Zhanjiang port and new terminals in Vietnam's Ba Ria-Vung Tau.
The report said that in 2008, China Merchants would invest $112 million in berth construction, 40 percent of which will be used in new berths. |
