Qinhuangdao Port set for record coal deliveries
September 30, 2014 Category Logistics, Ports & sea transport
Qinhuangdao, China’s largest coal port, is set for record commodity deliveries over the next three years as urbanization boosts demand for the fuel. Shipments of mainly coal and ores via the port may rise by 20 million to 30 million tons by 2017, said Xing Luzhen, Chairman of Qinhuangdao Port. Supplies hit a record high of 279 million tons in 2011. China depends on coal for 66% of its energy. The port is the delivery point for about 40% of China’s seaborne coal. Qinhuangdao Port’s new terminal in Caofeidian, with an annual capacity of 50 million tons, may begin trial operations this year, Xing said. Qinhuangdao Port will benefit from having stable contracts of as long as 10 years that cover about 70% of throughput.
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