[photopress:logistics_Dalian_port.jpg,full,alignright]Dalian Port, the largest port company specializing in oil products and liquefied chemicals in northeastern China, is planning a domestic listing for as early as 2009.
As part of this move to be a listed company Dalian Port plans to increase its capital expenditure to US$140 million.
However, the listing is not yet definitive. Jiang Luning, general manager of Dalian Port, said A-share listing is possible but not definite because it will depend on the market situation and other factors.
With its investment Dalian Port plans to build 12 more crude oil storage tanks, which will have a total capacity of one to 1.2 million tonnes.
The firm expects its production of crude oil and refined oil to rise 10% this year. Last year it produced about 33.4 million tonnes.
Source: CargoNews Asia