Home >> News Room >>Evergreen Marine to launch new China dock

News Room


Evergreen Marine to launch new China dock

Author: Posttime:2007-12-06 08:53:03
Taiwan-based shipping company Evergreen Marine Group will soon inaugurate a newly-built dock near China's Qingdao port.

The US$300 million investment - launched two years ago - is aimed at providing logistics support to Evergreen vessels sailing between China, South Korea and Japan. The dock's unloading and other facilities will be inaugurated soon.

The investment was made through Hong Kong's Pan Asia Company.

Evergreen, with a fleet of about 100 container vessels, is Taiwan's largest shipping company.

Taiwan strictly regulates investment in infrastructure projects in China. The two sides split amid civil war in 1949.

But Taiwanese companies often bypass the restrictions by investing via their subsidiaries or other overseas firms.
source:Cargonews Asia 2007-12-03
Related posts

backEmail | Print