Zhuhai Port Group Signs Agreement with Hebei Port Group and China Qinfa Group

2012-02-13

In the morning of February 11, 2012, Zhuhai Port Group signs an agreement with Hebei Port Group and China Qinfa Group, to purchase 40% equity of Zhuhai Qinfa Port Co. Ltd. held by Hebei Port Group. The person in charge of Zhuhai Port Group said that, this means Zhuhai Port is one step closer to one of the important national comprehensive transport systems, the energy receiving port and the hub of dry bulk cargos in South China.

Zhuhai Qinfa Port Co. Ltd. is an joint venture set up on September 8, 2009 by China Qinfa Group (with 60% equity) and Hebei Port Group (with 40% equity) with the investment of 1.48 billion RMB. Located in the north of Gaolan Port, it has a 100,000-ton coal receiving berth, three 3,000-ton and one 2,000-ton loading berths with the designed annual throughput of 15,000,000 tons. It was one of the key projects in Guangdong Province. With the joint efforts of Zhuhai government, Hebei SASAC, Hebei Port Group, Zhuhai Port Group is assigned to 40%  equity of Zhuhai Qinfa Port Co. Ltd. held by Hebei Port Group.

This equity transfer is another important move to construct a large professional dry bulk cargo terminal after Zhouhai Port Group co-constructs the national coal storage and transport center, and worked with Xinhe to build a 150,000-ton dry bulk cargo terminal in Gaolan Port.

It is learned that Zhuhai Qinfa coal terminal is the highest-level coal terminal approved in the Pearl River Delta at present. It undertakes transshipment for large vessel and water-water transfer to the Xijiang River with the annual coal throughput of 150,000,000 tons. As the development of Zhuhai Qinfa coal terminal is speeding up and the project of Shenhua Yuedian coal storage center goes on well, Zhuhai Port is going to develop in the most competitive coal storage hub in South China. An insider said that when Zhuhai Qinfa Port Co., Ltd. was set up, Zhuhai Port planned to have it shares, however, Hebei Port Group got the shares in the end. The assignment of the equity this time is good for the over-all management of the coal terminals in Gaolan port area.

After the assignment of the equity this time, the construction of Zhuhai Qinfa coal terminal will speed up and attempt to be launched into use in the end of the year. Zhuhai Port Group will seek for comprehensive cooperation with Hebei Port Group in future.

 

 

Source from : CNSS

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