Tianjin port hits 10 million TEU and 400 million tonnes in 2010
Tianjin became the first port in northern China whose throughput hit 400 million tonnes as of December 21, at which point its container volume hit 10 million TEU, Xinhua reports.
Tianjin Port Group's assets were estimated to come to CNY70 billion (US$10.6 billion) by the end of 2010, three times of the value in 2005 with revenues of CNY15 billion - 195 per cent higher than in 2005.
According to the development plan the port announced in April 2010, the Port of Tianjin plans to upgrade its sailing channel to accommodate 300,000-tonne ships, raise box volume to 17 million TEU and overall cargo tonnage to 550 million tonnes in 2015. The city's shipping and relevant industries are expected to be valued in excess of CNY200 billion.
Tianjin Port Group's assets were estimated to come to CNY70 billion (US$10.6 billion) by the end of 2010, three times of the value in 2005 with revenues of CNY15 billion - 195 per cent higher than in 2005.
According to the development plan the port announced in April 2010, the Port of Tianjin plans to upgrade its sailing channel to accommodate 300,000-tonne ships, raise box volume to 17 million TEU and overall cargo tonnage to 550 million tonnes in 2015. The city's shipping and relevant industries are expected to be valued in excess of CNY200 billion.