The opening ceremony of Yantai Rising Dragon International
Container Terminals Ltd (YRDICT) was held in Yantai
yesterday.
YRDICT is a 778 million yuan joint investment of ICTSI Hong
Kong, Yantai Port Group and the Transportation Company of SDIC.
With its two container berths and a 730-meter-long coastline, it is
expected to handle more than 900,000 TEUs annually.
According to Zhou Bo, president of Yantai Port Group, this is
the sole investment of ICTSI Hong Kong on the mainland. ICTSI Hong
Kong is a wholly owned subsidiary of ICTSI, which is headquartered
in the Philippines.
Yantai Port, which is listed among China's top 10 commercial
ports, opens 34 lines for containers with direct shipping lines to
more than 150 ports in over 100 countries and regions.
(China Daily June 19, 2007)
