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Odfjell Sells Stake in Jiangyin Terminal
Norwegian shipping and tank terminal company Odfjell SE has finalized the sale of its stake in Odfjell Terminals Jiangyin (OTJ), China. The indirect 55% equity interest in OTJ has been sold by Odfjell Terminals Asia Holding to Yangzijiang Shipbuilding (Holdings) for a price of about USD 46 million.
Wan Hai Lines to launch new China to Vietnam service
Wan Hai Lines Ltd. has announced its plan to expand its existing service network between China to Southeast Asia by launching a new weekly service from South China to Vietnam on 29th March 2018. The service, named CV3, will be operated with 2 vessels with an intake of 1,200 TEU. Wan Hai Lines shall deploy 1 vessel while its partner COSCO Shipping Lines Co., Ltd. will operate the other vessel. The service rotation shall cover Jiangyin – Shantou – Hong Kong – Shekou – Nansha – Cat Lai – Hong Kong – Jiangyin.
New terminal starts trial operation at Jiangyin port
Shanghai: Jiangyin port in Jiangsu province has started trial operation of a new terminal at the Xiagang port area. The new terminal consists of two 100,000 tons-class bulk berths and related facilities. With around RMB1.35bn investment, the new terminal has a designed handling capacity of 7m tons per year and will mainly service the transport of iron ore, coal, steel and construction materials. Jiangyin port is one of the five major river ports on the Yangtze River in Jiangsu, handling 140m tons cargo throughput in 2014. [SinoShipNews 04/02/15]
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