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Issue #592

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Breakbulk Quarterly

3PL Quarterly

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2014 Media Kit

ICTSI Chinese unit formally takes over terminal

By: | at 08:00 PM | Breakbulk & Projects  

Yantai Rising Dragon International Container Terminals, Ltd., (YRDICT), a subsidiary of Philippine-based port operator International Container Terminal Services, Inc. (ICTSI), recently held a grand opening ceremony to mark the company’s formal takeover of operations at the Yantai Gangtong Container Terminal in Shandong Province, People’s Republic of China.

Among the attendees of the ceremony were officials of the Shandong Provincial and Yantai Municipal Governments, the Commercial Attach’ of the Philippine Embassy in China and ICTSI officers.

YRDICT, a joint venture company established by ICTSI (Hong Kong), Ltd., Yantai Port Group Co. Ltd. and SDIC Communications Co., had started management and operation of the Yantai Gangtong Container Terminal as early as April 1.

Yantai Port is one of the major coastal ports of China, with an overall traffic volume of 80.88 million tons in 2006, including container traffic of 1.05 million twenty-foot equivalent units (teus). The port is the 13th in China in terms of port traffic and ranks 11th in terms of container traffic.

The YRDICT joint venture terminal has two specialized container berths, with a wharf line of 730 meters, and a depth of 14 meters alongside. The terminal’s container yard and container freight station has a total area of 280, 000 square meters including a 4,500-square meter warehouse. It has a total annual capacity of over 900,000 teus. Cargo handling equipment include six post-Panamax quay cranes and 12 rubber tired gantries.

The terminal uses a container information system, consisting of various sub-systems in stowage management, real-time port operation control, yard planning, container freight station management, statistics inquiry and billing.