Located in Qingdao, the terminal will be 100 per cent owned by DP World and is expected to have capacity of more than 2 million 20-foot equivalent units (TEUs). The project involves the construction of a 1,320-metre-long quay and four deep draft berths. The terminal will commence operations by 2009. Qingdao is already home to the country’s third largest container port, which handles in excess of 6 million TEU annually.

The latest investment adds to DP World’s other interests in China at the ports of Tianjin and Yantai. The operator also acquired operations at CT3 and CT8 in Hong Kong when it took over US-based operator CSX Terminalsin 2004 (MEED 10:12:04).