Yantai Port Cargo Volume Up 10.4pc

By Joseph R. Fonseca
Wednesday, May 28, 2014
Port of Yantai in northern Shandong province, China

 

The Port of Yantai in northern Shandong province, posted a 10.48 per cent year-on-year increase in overall cargo volume to 105 million tonnes in the first four months of the year, reports Xinhua.

The port's full-year cargo throughput is expected to hit 300 million tonnes this year, maintaining China's top 10 coastal ports rankings. From January to April, passenger movements of the port increased 3.84 per cent year on year to 1.99 million people.
 
Yantai government this year plans to invest a total of CNY19.56 billion (US$3.12 billion) on 20 port projects, with the annual investment of CNY3.05 billion.
At present, main body of the phase 1 project in its western port area has been completed. Also a 300,000-tonne ore berth and a 150,000-tonne coal berth in the port area have been put into operation.
 
Longkou port area's investment in its expansion project of 100,000-tonne navigational channel has been completed 79 per cent and the number 27, 28 and 29 universal berths 88 per cent.
 
 
Maritime Reporter September 2014 Digital Edition
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