Pudong International Container Terminal Co., Ltd.,

Shanghai Pudong International Container Terminal Co., Ltd., a joint venture between Shanghai and Hong Kong, was officially put into operation.

Shanghai Pudong International Container Terminal Co., Ltd., which was jointly invested and established by Sifang companies in Shanghai and Hong Kong, was officially put into operation at the phase I terminal of Shanghai Pudong Waigaoqiao port area from the first day

Hong Kong Hutchison Port Pudong Company under Li Ka Shing became the second largest shareholder of the new company with 30% shares

it is reported that the new company is located on the South Bank of the Yangtze River. The Waigaoqiao Port Phase I wharf operated by the company has an existing coastline of 900 meters. The container berth can shorten the processing time of large aircraft parts by three, and reliably berth the fourth and fifth generation container ships. The land area of the port area is 500000 square meters, of which the container yard area is 238000 square meters, there are 6200 flat container spaces, and the effective container capacity is 25000 standard containers. At present, there are 16 international container lines, including 12 internationally renowned container shipping companies, including the U.S. president's ship, the British railway and aviation slag China, France's Dafei, and Japan's mail ship. In recent years, the container business of the terminal has advanced by leaps and bounds. In 2002, the container throughput of the terminal was nearly 1.8 million TEUs, an increase of more than 20% over the previous year

at the opening ceremony press conference of the new company on the first day, the relevant person in charge revealed that in two months, the operation cost of the first phase of the terminal operated by the new company will be increased by 9.8% on the existing basis, but the increased charge will still be lower than that of Busan and SCT in South Korea. In the future, the dock rates in Shanghai will form three different standards: the rates stipulated by the Ministry of communications of China, SCT rates and Pudong International Container Terminal rates

it is understood that the registered capital of the new company is 1.9 billion yuan. In addition to Hutchison Port Pudong company, the other three investors are Shanghai Waigaoqiao Free Trade Zone Port Company, COSCO Pacific (China) investment company and Shanghai infrastructure holding company. Among them, Waigaoqiao Free Trade Zone Port Company takes 40% of the shares as the first shareholder of the new company. The term of the four party joint venture is 50 years