The terminal operating unit of A.P. Moller-Maersk, APM Terminals, on Monday announced the opening of a new container terminal at China's Port of Guangzhou.
The Guangzhou South China Oceangate Container Terminal has annual capacity of 4.2 million TEUs, and is located at Nansha Phase 2 at the mouth of the Pearl River, to serve the booming trade of Guangzhou.
Guangzhou's container throughput in 2006 was 6.6 million TEU, fifth-largest in mainland China and 15th busiest in the world.
The new facility has a total quay length of 2,100 meters across six container berths, representing total investment of $500 million. It is jointly owned and developed by APM and Cosco Pacific, along with Guangzhou Port Group. APM Terminals has a 20-percent share in the project.
Richard Nicholson, APM Terminals' vice president for the greater China area, said, "Our vision in the South China market is to invest in terminal capacity so our customers can grow with the trade, achieve better profitability and attain the speed, service and flexibility they need to compete and win in world markets."
The Danish operator owns and operates more than 45 terminals around the world.