Wallenius Wilhelmsen takes stake in Chinese ro-ro terminal

Wallenius Wilhelmsen Logistics has taken a 15 per cent stake in a new ro-ro terminal in the Chinese Port of Tianjin. The USD 98 million terminal is designed to handle 500,000 vehicles a year and construction is due to start in August with one berth open by the end of 2007 and the whole terminal completed by next fall. The terminal is a three-way venture between Wallenius Wilhelmsen Terminals North AB, Tianjin Port Stock Co Ltd (51 per cent) and Nippon Yusen Kabushiki Kaisha in Tianjin (34 per cent).