Ningbo Beilun container terminal resumes operations after explosion
NewsThe Ningbo Beilun Phase III Terminal resumed operations on August 12 after being closed over the weekend due to the explosion aboard the YM Mobility.
China Ocean Shipping Co (Cosco) is negotiating with Taiwan’s Yang Ming Marine Transport Corp to take a 40% stake in the new automated Intercontinental Container Terminal being developed by Yang Ming subsidiary Kao Ming Container Terminal Corp at Taiwan’s Kaohsiung port.
Speaking at the 2011 Boao Forum for Asia, Cosco chairman Wei Jiafu said that Cosco had proposed investing in Kaohsiung earlier this year (see WorldCargo News February 2011, p7). “At that time, Taiwan’s policy would not allow such a move,” Wei told Taiwanese newspaper Focus Taiwan.
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This complete item is approximately 300 words in length, and appeared in the May 2011 issue of WorldCargo News, on page 9. To access this issue download the PDF here.
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