Mammoth investment for Tianjin and Hebei ports

Twitter
Facebook
LinkedIn
Email

Tom Conroy 11.9999

In order to establish the co-ordinated development of the Beijing-Tianjin-Hebei region, the Tianjin Municipality and Hebei Province have set up a port corporation alliance to optimise distribution and integrate sea transport resources.

Li Zengjun, chairman of the Bohai Sea Tianjin-Hebei Port Investment and Development Co said that with a registered capital of US$325.4 million, it will be engaged in investment and development of ports in Tianjin and Hebei on the Bohai Sea.

Eight of the world’s largest ports for cargo transport volume are located on the Bohai Sea, with a total cargo transport volume of three billion tonnes last year.

Li said: “The new corporation has ended the lose-lose competition between the two port groups, and will seek coordinated development for the Bohai Sea area.”

The Bohai Sea is part of the Yellow Sea on the coast of Northeast and North China.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.