Port of Yantian
{{#badges: CoalSwarm|Navbar-Chinacoal}} The Port of Yantian is located in Guangdong Province in southeastern China on the coast of the South China Sea, north of Hong Kong and about east-northeast of the Port of Huadu. Until the late 1970s, it was a small border town with about 30 thousand residents that served as a customs station from the Port of Hong Kong into mainland China. It is now the fourth busiest port in the world.[1]
Contents
Background
The Shenzhen City Yantian Port Group Company Ltd. is responsible for the development and management of the Port of Yantian. An independent entity, the Port Group Company operates the port, railways, roads, tunnels, real estate, commerce, customs, and ship repairs within the Port of Yantian.[2]
In 1997 it was reported that the Port of Yantian was expanding to improve its coal capacity.[3]
In late 2008, the Shenzhen Yantian Port Holdings Company joined the Hutchison Whampoa Yantian Port Investment Company in constructing a new terminal at the Port of Yantian with three new container berths and an expansion of the older berth. The terminal will have capacity to handle 1.8 million TEUs of containerized cargo per year.[2]
In April 2011, Yantian Port invested 233.33 million yuan for a 70 percent stake in a coal terminal in Huizhou, Guangdong province.[1]
In May 2015 Yantian Port said it plans to issue RMB2.2bn (US$354 million) worth of bonds on the Shenzhen Stock Exchange, with plans for a coal terminal in Huizhou Port of Guangdong.[4]
Port Details
- Operator: Shenzhen City Yantian Port Group Co. Ltd
- Location: Guangdong province, China
- Annual Coal Capacity (million tonnes per year):
- Status: Existing
- Type: Imports
- Coal source:'
Articles and resources
References
- ↑ Jump up to: 1.0 1.1 Toh Han Shih, "Shenzhen port operators seek new revenue source," South China Morning Post, 10 October 2012
- ↑ Jump up to: 2.0 2.1 "Port of Yantian" Word Port Source, accessed July 17, 2011.
- ↑ "China: New port to improve coal traffic" International Construction, March 1997, Volume 36, Issue 3
- ↑ Jason Jiang, "Yantian Port raising funds for overseas investment," Splash 24/7, May 18, 2015
