[Mining Machinery Industry Network] from Qingdao Municipal Bureau of Commerce, Qingdao Port Ore Terminal Inc. has Dongjiakou eligible Commerce Department approval.

The company is a joint venture with a total investment of 3.8 billion yuan, the registered capital of 1.4 billion yuan, 160 million US dollars of contracted foreign capital, by China Merchants Group, IMC Group, COSCO Group and Qingdao Port Group established a joint venture.

The operating range of joint construction, operation and management of Qingdao Port Dongjiakou ore docks, piers and other port facilities services, warehousing services, cargo handling, port facilities, equipment and machinery leasing, maintenance services, bonded business, processing, distribution, services, and related technical advice. The parties will take to strengthen economic and technical cooperation to improve the overall port of Qingdao port service quality and standards.

Insiders said Dongjiakou port operations through joint investment and construction of ore dock, you can port in Shandong Qingdao Port Group in the central role of local advantages and marina management and China Merchants Group, COSCO Group, the IMC Group's influence in the international shipping industry and International experience marina management combine and unite together to form the overall advantages of the Quartet, to provide quality services for the inland port logistics along the Yellow River as well as the majority of the economic hinterland of Shandong, Hebei, Henan, Shaanxi, Shanxi, pulling the Qingdao port import and export growth, further enhanced Qingdao Port of core competitiveness, help Qingdao port construction international shipping center in Northeast Asia.