Monday, March 31, 2008

Tianjin 300,000-tonnage crude oil dock to start operation

The 300,000-tonnage crude oil dock in the northern Chinese municipality of Tianjin is expected to start trial operation in September 2008.

Having built the body of the hydraulic works, the company is looking to complete the whole project in August. By far, RMB740 million (US$102.2 million) has been invested in the project, compared with the plan of RMB1.379 billion (US$190.5 million) total investment. After achieving completion, the wharf apron of the port can berth 100,000 to 300,000-tonne very large crude carriers (VLCC) and have an annual handling capacity of 20 million tonnes. Port of Tianjin's area is to be expanded to 100 square kilometres from the current 30 square kilometres by 2010. The port is building several new terminals, which includes 22 berths of more than 10,000 tonnes with an aggregate capacity of 138 million tonnes. After these projects are finished, the port's capacity will be raised to 290 million tonnes.

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