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24 May 2012 The on-line newspaper devoted to the world of transports 05:28 GMT+2



January 11, 2012

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Odfjell will realize a harbor terminal for liquid bulk to Tianjin

Joint venture with the Nangang Port Company, branch of the Tianjin Economic - Development Technology Area

The shipowning society and logistic Odfjell Norwegian, through the branch Odfjell Terminals Asia, has signed a joint venture agreement of with the Nangang Port Company, branch of the Tianjin Economic - Development Technology Area (TEDA), in order to realize a terminal for bulk liquid chemistries, producing oil and to gas in the Nangang Industrial Zones of Tianjin.

The new society will be called Odjell Terminals Nangang (Tianjin) and will be participated with 49% from Odfjell. The initial total investment will pile to approximately 160 million dollars.

The first phase of the plan, that it will be completed in according to trimester of 2014, previews the construction of three docks and tanks for a storage capability pairs to approximately 150.000 cubic meters.

In the 2009 Odfjell and TEDA they had signed a letter of attempts with the objective to cooperate to the planning in harbor matter, logistic and railway and to the formation of the staff.

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