Dalian Port profits leap
In a statement to the Hong Kong Stock Exchange, the port operator said net profit in 2006 rose to $82 million, up from the previous year's figure of $54 million.
Dalian belongs to a small group of ports worldwide which handle more than 100 million tonnes of cargo annually.
The port raised $320 million from an initial stock sale last year to build more container terminals and oil storage tanks.
Container volume jumped 21% last year to 3.15 million twenty-foot equivalent units (TEUs). There was a 14% increase in crude oil handled by Dalian and its subsidiaries.
Dalian Port and Modern Terminals Ltd haver agreed to build more deep-water container terminals to meet rising demand. The venture, announced in December last year, comes on the back of a similar partnership between Dalian Port, Nippon Yusen K.K. And China Shipping.
Dalian belongs to a small group of ports worldwide which handle more than 100 million tonnes of cargo annually.
The port raised $320 million from an initial stock sale last year to build more container terminals and oil storage tanks.
Container volume jumped 21% last year to 3.15 million twenty-foot equivalent units (TEUs). There was a 14% increase in crude oil handled by Dalian and its subsidiaries.
Dalian Port and Modern Terminals Ltd haver agreed to build more deep-water container terminals to meet rising demand. The venture, announced in December last year, comes on the back of a similar partnership between Dalian Port, Nippon Yusen K.K. And China Shipping.