China: Yantian Port Holdings has launched an investment promotion seminar in Hong Kong for its two new logistics facilities.
‘ Delegates to the seminar included suppliers, buyers and freight forwarders such as Sony, Kuehne + Nagel, DHL, Maersk, NYK and Yang Ming. According to Logistics Week, Yantian Port Holdings invested US$263.8 million in the two facilities, which are the Yantian Port Modern Logistics Centre and the Prologis Yantian Port Logistics Park. The Yantian Port Modern Logistics Centre is situated at the north of the Yantian Port Bonded Logistics Park, covering a floor of 500,000 square metres, comprising three four- to five-storey drive-in warehouses. The facility is expected to be finished by 2010, bringing nearly 150,000 square metres’ warehousing capacity to the port. Meanwhile, the first phase Prologis Yantian Port Logistics Park is expected to start operation in June, covering a floor area of 91,000 square metres.