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Qingdao Qianwan Container Terminal
Qingdao Qianwan Container Terminal is a port of China, located at Qianwan (literally The Front Bay), Qingdao, Shandong province. Qingdao Port ranked 10th in 2008 world's busiest container ports with 10,320 thousands TEU, current projects were expected to raise the capacity to 15,000 thousands or more. Phase 2 & 3 were held by Qingdao Qianwan Container Terminal Co., Ltd (QQCT), a joint venture of Qingdao Port (Group) Co. Ltd. (31%), Dubai Ports World (was held by P&O) (29%), COSCO Pacific (20% interests, 18.18% voting power) and A. P. Moller-Maersk Group (20%). Phase 2 and 3 had 11 berths. Phase 4, as Qingdao New Qianwan Terminal (QQCTN), located in south bank, was a joint venture of Qingdao Qianwan Container Terminal Co., Ltd, (80% interests) and Pan Asia International Shipping Ltd. (20% interests), which started to build in 2007. In 2009, the first 4 out of 10 berths started to operate. Co-currently, China Merchants Holdings (International) reached an agreement with Q ...
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Qingdao
Qingdao (, also spelled Tsingtao; , Mandarin: ) is a major city in eastern Shandong Province. The city's name in Chinese characters literally means " azure island". Located on China's Yellow Sea coast, it is a major nodal city of the One Belt, One Road (OBOR) Initiative that connects Asia with Europe. It has the highest GDP of any city in the province. Administered at the sub-provincial level, Qingdao has jurisdiction over seven districts and three county-level cities (Jiaozhou, Pingdu, Laixi). As of the 2020 census, Qingdao built-up (or metro) area made of the 7 urban Districts (Shinan, Shibei, Huangdao, Laoshan, Licang, Chengyang and Jimo) was home to 7,172,451 inhabitants. Lying across the Shandong Peninsula and looking out to the Yellow Sea, it borders the prefecture-level cities of Yantai to the northeast, Weifang to the west and Rizhao to the southwest. Qingdao is a major seaport and naval base, as well as a commercial and financial center. It is home to electroni ...
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Shandong
Shandong ( , ; ; Chinese postal romanization, alternately romanized as Shantung) is a coastal Provinces of China, province of the China, People's Republic of China and is part of the East China region. Shandong has played a major role in History of China, Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural and religious center for Taoism, Chinese Buddhism and Confucianism. Shandong's Mount Tai is the most revered mountain of Taoism and a site with one of the longest histories of continuous religious worship in the world. The Buddhist temples in the mountains to the south of the provincial capital of Jinan were once among the foremost Buddhist sites in China. The city of Qufu is the birthplace of Confucius and was later established as the center of Confucianism. Confucianism developed from what was later called the Hundred Schools of Thought from the teachings of the Chinese philosopher Con ...
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Qingdao Port
The Port of Qingdao is a seaport on the Yellow Sea in the vicinity of Qingdao (Tsingtao), Shandong Province, People's Republic of China. It is one of the ten busiest ports in the world (7th in 2019, considering total cargo volume). Qingdao Port consists of four areas, which are often themselves referred to as ports due to their size: Dagang port area, Qianwan port area, Huangdong oil port area (for oil tankers), and Dongjiakou (Simplified: 董家口) port area, the latter being located 40 kilometres south of Qingdao city. Including the Qingdao Qianwan Container Terminal and the Qingdao Cosport International Container Terminal, which are located in different areas, Qingdao also has a large terminal for handling iron ore. History In 2011, the Qingdao Port, together with three other Chinese ports in East China's Shandong Province, signed a strategic alliance with the largest port of the Republic of Korea (ROK). The alliance included Shandong's Qingdao Port, Port of Yantai, Port of ...
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List Of World's Busiest Container Ports
This article lists the world's busiest container ports (ports with container terminals that specialize in handling goods transported in intermodal shipping containers), by total number of twenty-foot equivalent units (TEUs) transported through the port. The table lists volume in thousands of TEU per year. The vast majority of containers moved by large, ocean-faring container ships, are 20-foot (1 TEU), and 40-foot (2 TEU) ISO-standard shipping container A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Shipping containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated boxes. In the context of ...s, with 40-foot units outnumbering 20-foot units to such an extent, that the actual number of containers moved is between 55%–60% of the number of TEUs counted.Assuming that all boxes are either counted as 1 or 2 TEUs (which is pretty much the case), and that for every 20-foot / si ...
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Twenty-foot Equivalent Unit
The twenty-foot equivalent unit (abbreviated TEU or teu) is an inexact unit of cargo capacity, often used for container ships and container ports.Rowlett, 2004. It is based on the volume of a intermodal container, a standard-sized metal box which can be easily transferred between different modes of transportation, such as ships, trains, and trucks. The container is defined by its length, although the height is not standardized and ranges between and , with the most common height being . It is common to designate a container as 2 TEU, rather than 2.25 TEU. Forty-foot equivalent unit The standard intermodal container is designated as twenty feet long (6.1m) and wide. Additionally there is a standard container with the same width but a doubled length of forty feet called a 40-foot (12.2m) container, which equals one forty-foot equivalent unit (often FEU or feu) in cargo transportation (considered to be two TEU, see below). In order to allow stacking of these types a forty-f ...
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Qingdao Port (Group) Co
The Port of Qingdao is a seaport on the Yellow Sea in the vicinity of Qingdao (Tsingtao), Shandong Province, People's Republic of China. It is one of the ten busiest ports in the world (7th in 2019, considering total cargo volume). Qingdao Port consists of four areas, which are often themselves referred to as ports due to their size: Dagang port area, Qianwan port area, Huangdong oil port area (for oil tankers), and Dongjiakou () port area, the latter being located 40 kilometres south of Qingdao city. Including the Qingdao Qianwan Container Terminal and the Qingdao Cosport International Container Terminal, which are located in different areas, Qingdao also has a large terminal for handling iron ore. History In 2011, the Qingdao Port, together with three other Chinese ports in East China's Shandong Province, signed a strategic alliance with the largest port of the Republic of Korea (ROK). The alliance included Shandong's Qingdao Port, Port of Yantai, Port of Rizhao, Port of ...
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Dubai Ports World
DP World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries. Until 2016, DP World was primarily a global ports operator, and since then it has acquired other companies up and down the value chain. History Early history Dubai Ports International (DPI) was founded in 1999. Its first project was at Jeddah, Saudi Arabia, collaborating with a local partner on the management and operation of the South Container Terminal (SCT). DPI then went on to develop operations at the ports of Djibouti in 2000, Vizag, India in 2002 and Constanta, ...
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Peninsular And Oriental Steam Navigation Company
P&O (in full, The Peninsular and Oriental Steam Navigation Company) is a British shipping and logistics company dating from the early 19th century. Formerly a public company, it was sold to DP World in March 2006 for £3.9 billion. DP World currently operate several P&O branded businesses, P&O Ferries, Istithmar P&O Estates, and P&O Maritime Logistics. It also operates P&O Heritage, which is the official historic archive and collection of P&O. P&O Cruises was sold in 2000, and is now owned and operated by Carnival Corporation & plc. The former shipping business, P&O Nedlloyd, was bought by and is now part of Maersk Line. History Early years and expansion: 1822–1900 In 1822, Brodie McGhie Willcox, a London ship broker, and Arthur Anderson, a sailor from the Shetland Isles, went into partnership to operate a shipping line, primarily operating routes between England and Spain and Portugal. In 1835, Dublin shipowner Captain Richard Bourne joined the business, and the th ...
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COSCO Pacific
COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of China Ocean Shipping (Group) Company (COSCO) and now part of its successor, China COSCO Shipping group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent ( blue chip) from 2003 to 2014. COSCO Pacific also a red chip company so that it once considered as a purple chip company. History COSCO Pacific Limited is a Bermuda incorporated company and was a subsidiary of China Ocean Shipping (Group) Company (COSCO). In 1994, it became a listed company in the Stock Exchange of Hong Kong (SEHK). At that time, Hong Kong is a British colony and not yet handover back to the People's Republic of China. After the 1997 handover, Hong Kong still has a separate j ...
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Voting Power
Voting interest (or voting power) in business and accounting means the total number, or percent, of votes entitled to be cast on the issue at the time the determination of voting power is made, excluding a vote which is contingent upon the happening of a condition or event which has not occurred at the time. Voting interest is one form of economic interest. Economic interests comprise all types and forms of investment vehicles that an investee could issue or be a party to, including equity securities; financial instruments with characteristics of equity, liabilities, or both; long-term debt and other debt-financing arrangements; leases; and contractual arrangements such as management contracts, service contracts, or intellectual property licenses. Non-voting interest Ownership of more than 50% of voting shares generally gives the right of control and consolidation. In special cases, control is possible without having to own more than 50% of voting stock. For example, if agreed, ...
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