NOL: Announced JV to operate 2-berth container terminal at Qingdao Port. The terminal will be open in 2H11 and is NOL’s first in China. NOL will contribute approx US$25.8m to the JV which has a 30 yr concession…
Co together with partners SITC Intl (a PRC shipping logistics co) and Qingdao Qianwan United will jointly operate the Qingdao terminal which will add 1.5m TEUs of annual capacity at Qingdao. The terminal will primarily serve SITC and NOL’s liner shipping co APL.
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