NOL Group opened its new terminal at the Port of Qingdao
NOL Group opened its new terminal at the Port of Qingdao with the arrival of the APL Dubai. Originally expected to open in the second half of 2011, the joint venture container terminal opened for business well ahead of schedule, the Company said Wednesday.
NOL, together with SITC International Holdings Company Limited, a PRC-based shipping logistics company, earlier formed a partnership with Qingdao Qianwan United Container Terminal Co., Ltd. (QQCTU) in May 2011 to operate the terminal.
Singapore-based NOL said the terminal will primarily serve vessels operated by APL and SITC. The inaugural call at the terminal was made today by the APL Dubai, a 6,574-TEU vessel on APL's West Asia Express service.
APL makes more than 200 port calls annually at Qingdao, linking the city and Shandong province, as well as its neighboring provinces to international markets through APL's global shipping network. The terminal has an annual capacity of 1.5 million TEUs (twenty-foot equivalent units).