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QQCTU Signing ceremony held in Qingdao
[ 2009-12-21]
 
    On Dec.18th, the signing ceremony of Qingdao Qianwan United Container Terminal Co., Ltd (QQCTU) was held in Qingdao. QQCTU was a JV invested by QQCTN (Qingdao New Qianwan Container Terminal Co., Ltd) and CMT (Qingdao), with former co-invested by Qingdao Port, DP World, COSCO, Maersk and Pan Asia and latter invested by CMT, each holding 50% stock. QQCTU, with total assets amounting to 7 billion HK dollars and total quay length of 3,163 meters, manages and operates five CMT terminals and four QQCTN terminals. This great move will optimize terminal utilization in Qianwan port area, enhance the competitive edge of Qingdao Port in building up North Eastern Asian shipping center, and further push forward the development of container transportation industry in Qingdao port.