Recently, Wenzhou Port Group Co. Ltd, Shanghai International Port (Group) Co. Ltd and Ningbo Port Group Co. Ltd held a cooperation framework agreement signing ceremony in Shangri-La Hotel, Wenzhou. The three groups contracted to jointly manage the first-phase of Qili Port Area and jointly invest in the construction of the second-phase of Qili Port Area.
When the construction is over, the container export cost of Wenzhou will decrease and transportation will be more convenient. It is estimated that Wenzhou Port will be one of the hundred million ton ports and realize the million TEUs at the end of 2015.
Wenzhou Port is one of the 25 major coastal ports in our country. The registered capital of Wenzhou Port Group Co. Ltd is 3.5 billion yuan. Currently, the port areas run and managed by Wenzhou Port Group Co. Ltd include Zhuangyuan ao Deepwater Port Area, Qili Port Area, Longwan Port Area, Bailouxia Port Area, Lingkun Port Area and the Old Port Area in the downtown. Shanghai Port is a comprehensive port with its container handling capacity ranking the second in the world and the first in our country. Ningbo Port has the most large and extra-large deepwater berths in mainland China.