Sitc International Holdings Company Limited News

Today, NOL Group opened its new terminal at the Port of Qingdao with the arrival of the APL Dubai. Originally expected to open in the second half of 2011, the joint venture container terminal opened for business well ahead of schedule. NOL, together with SITC International Holdings Company Limited, a PRC-based shipping logistics company, formed a partnership with Qingdao Qianwan United Container Terminal Co., Ltd. (QQCTU) in May 2011 to operate the terminal. NOL said the terminal will primarily serve vessels operated by APL and SITC. The inaugural call at the terminal was made today by the APL Dubai, a 6,574-TEU vessel on APL’s West Asia Express service.

NOL Group today announced a joint venture to operate a two-berth container terminal at the Port of Qingdao. The terminal, expected to open in the second half of 2011, will be NOL’s first in mainland China. “Today we’ve taken a significant step to strengthen our presence in China and participate fully in its unprecedented growth,” said Kenneth Glenn, APL President for North Asia. Container shipping and logistics giant NOL said, together with SITC International Holdings Company Limited…