Hebei Port Group, the world’s largest bulk cargo port company in terms of throughput, has been unveiled in Shijiazhuang, capital of northern China’s Hebei province.
The State-owned group is a combination of Qinhuangdao, Caofeidian and Huanghua ports in Hebei, which together account for nearly 70% of the province’s cargo capacity.
Xu Zuyuan, Vice Minister of Transport, said the bulk cargo throughput of these ports reached 281 million tons in 2008 which makes it the largest in the world.
China Daily reported that the move, according to the province’s state-owned assets supervision and administration commission, aims to optimize cooperation among the ports in Hebei. It is also intended to diversify the goods being transported. At the moment it is mainly coal but the idea is to promote the development of container-shipping.
Hebei Port, with a registered capital of RMB8 billion ($1.2 billion), has assets worth RMB18 billion and employs 17,000 staff.