The logistics and shipping group Neptune Orient Lines (NOL) of Singapore and China SITC Logistics Group International Holdings Co., through their joint-venture APL Terminal SITC Holdings Pte Ltd., today signed an agreement with the United Qingdao Qianwan Container Terminal Co. (QQCTU) to form the joint venture Qingdao Qianwan United APL-SITC Container Terminal Co. Ltd. (QQCTUA), a new company that will operate and manage two benches dedicated to container traffic in Qianwan, the new port area of Qingdao, with a planned investment of 2.1 billion yuan (323 million dollars, of which 25.8 million dollars against NOL).
These docks, for which the joint venture has a concession agreement for the duration of 30 years, whose construction was almost completed and that modern cranes are equipped with seven ship-to-shore and 16 post-Panamax cranes portal for rail traffic capacity per year for 1.5 million teu. The terminal will become operational during the second half of this year.
Recall that the partnership between NOL and SITC groups to invest in the port of Qingdao dates back to 2007 ( of 27 February 2007) and that the United Qingdao Qianwan Container Terminal Co. is owned by China Merchants Holdings (International) Co. (CMHI) and Qingdao New Qianwan Container Terminal Co. (QQCTN) ( of 18 December 2009).
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The logistics and shipping group Neptune Orient Lines (NOL) of Singapore and China SITC Logistics Group International Holdings Co., through their joint-venture APL Terminal SITC Holdings Pte Ltd., today signed an agreement with the United Qingdao Qianwan Container Terminal Co. (QQCTU) to form the joint venture Qingdao Qianwan United APL-SITC Container Terminal Co. Ltd. (QQCTUA), a new company that will operate and manage two benches dedicated to container traffic in Qianwan, the new port area of Qingdao, with a planned investment of 2.1 billion yuan (323 million dollars, of which 25.8 million dollars against NOL). 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
