QQCTN opens for business

By on Jul 14, 2009

The Qingdao New Qianwan Container Terminal Co has officially opened berth 5 and berth 6 of Qianwan Phase IV

QQCTN, a joint venture owned by QPG, DP World, COSCO, Maersk and Pan Asia Shipping, is responsible for the development, operation and management of Qianwan Phase IV terminal

With a total investment of US$14 billion and initial investment of US$420 million, QQCTN was approved by the National Development & Reform Commission and the Ministry of Commerce in January 2009, and obtained its business licence on February 6th

Ten berths at Qianwan Phase IV under one management will reduce running costs, enhance efficiency and realise the integrated utilisation of resources

A key project of the 11th five-year plan, Qianwan Phase IV will be equipped with duel hoist tandem lift quay cranes with 70-metre outreach and 100-ton lifting capacity, as well as electric gantries and an advanced terminal operating system

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