NOL Opens Terminal Ahead of Schedule

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.

APL makes more than 200 port calls annually at Qingdao, linking the city and Shandong province, as well as its neighboring provinces to international markets through APL’s global shipping network. The terminal has an annual capacity of 1.5 million TEUs (twenty-foot equivalent units).

“This container terminal shows that APL is here for the long run. We are committed to Qingdao’s long term growth and the development of North China’s economy,” added Glenn. Qingdao, on the Yellow Sea coast, is China’s fifth-largest container port and the largest in the North.

The container terminal is equipped with efficient handling equipment including seven post-Panamax ship-to-shore cranes as well as 16 rail-mounted yard gantry cranes.

Apart from the container terminal in Qingdao, APL also operates marine terminals at Kaohsiung, Taiwan; Kobe and Yokohama, Japan; and in the U.S. in Los Angeles and Oakland, California; Seattle, Washington; and Dutch Harbor, Alaska.  NOL also has investments in terminals in Vietnam and Thailand, and in Rotterdam World Gateway, the first container terminal of the Maasvlakte 2 port development in Rotterdam, currently under construction.