Four ports in east China's Shandong Province signed a strategic alliance with the largest port of the Republic of Korea (ROK) on Wednesday in Qingdao, Qingdao Port of Shandong announced in a press release.
Aiming to build a shipping and logistics center in northeast Asia, the alliance is jointly formed by Shandong's Qingdao Port, Yantai Port, Rizhao Port, Weihai Port and the ROK's Port of Busan.
The five ports agreed that they would mutually provide prompt and effective services for freight and passengers. They will also promote transit transport via the development of the Eurasian continental bridge, and boost the links between bonded areas in Shandong and Busan Free Trade Zone.
With the agreement, the five ports will focus on the development of automobile freight transportation via sea and land, as well as the development of luxury cruises.
The throughput capacity amounted to 925 million tonnes in 2010 by the four ports in Shandong. Busan Port is the largest one in ROK, which handled 14,183,000 twenty-foot equivalent units (TEU) in 2010, 74 percent of the total in ROK.
The five ports would utilize technologies involving low carbon emissions and information to reduce operational costs.
The five ports signed a frame agreement for strategic alliance in November 2010, with the hope to integrate mutual logistics cooperation.
Source:Xinhua
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Aiming to build a shipping and logistics center in northeast Asia, the alliance is jointly formed by Shandong's Qingdao Port, Yantai Port, Rizhao Port, Weihai Port and the ROK's Port of Busan.
The five ports agreed that they would mutually provide prompt and effective services for freight and passengers. They will also promote transit transport via the development of the Eurasian continental bridge, and boost the links between bonded areas in Shandong and Busan Free Trade Zone.
With the agreement, the five ports will focus on the development of automobile freight transportation via sea and land, as well as the development of luxury cruises.
The throughput capacity amounted to 925 million tonnes in 2010 by the four ports in Shandong. Busan Port is the largest one in ROK, which handled 14,183,000 twenty-foot equivalent units (TEU) in 2010, 74 percent of the total in ROK.
The five ports would utilize technologies involving low carbon emissions and information to reduce operational costs.
The five ports signed a frame agreement for strategic alliance in November 2010, with the hope to integrate mutual logistics cooperation.
Source:Xinhua
Weekly review
May 20
World Economic Forum China office marks fifth anniversary
May 18
China, Pakistan joined in bonds of brotherhood
May 20
'Central axis' of Beijing applies for world cultural heritage
May 20
In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21
The week in pictures
May 16
Beijing aims for massive influx of overseas talent in 2011
May 16
Singapore election coverage shows Western arrogance
May 16
Chinese naval helicopter conducts target practice in Gulf of Aden
May 17
Strategies for harmony between militaries of China, US
May 17
Pakistani Prime Minister hails China as true friend
