Guangxi Beibu Gulf International Port (Group) Co., Ltd and Shenzhen Yantian Port Group Co Ltd recently signed a cooperation agreement for a terminal project in Fangchenggang port and a logistics park project in Nanning, Xinhua reported.
The three Beibu Gulf ports including Fangchenggang, Qinzhou and Beihai handled 40.5 million tons, an increase of 21 per cent year on year, and 275,000 TEU, a rise of 31 per cent.
As a strategic investor in Beibu Gulf, Yantian Port Group will introduce more funds and resources to boost the development of ports in the Beibu Gulf area, the report said.
Introducing Yantian Port Group to port expansion in Beibu Gulf is part of Guangxi's plan to achieve the goal of building a 100 million tonne hub in Fangchenggang, the report said.
The two parties will also jointly develop Nanning International Integrated Logistics Park, which also includes a bonded logistics centre (B-type).
The three Beibu Gulf ports including Fangchenggang, Qinzhou and Beihai handled 40.5 million tons, an increase of 21 per cent year on year, and 275,000 TEU, a rise of 31 per cent.
As a strategic investor in Beibu Gulf, Yantian Port Group will introduce more funds and resources to boost the development of ports in the Beibu Gulf area, the report said.
Introducing Yantian Port Group to port expansion in Beibu Gulf is part of Guangxi's plan to achieve the goal of building a 100 million tonne hub in Fangchenggang, the report said.
The two parties will also jointly develop Nanning International Integrated Logistics Park, which also includes a bonded logistics centre (B-type).