NOL In Joint Venture At China Port

The 50:50 joint venture between NOL and SITC will develop a container handling facility in Qingdao in accordance with a terminal concession awarded to SITC in 2005. Both NOL's liner shipping arm (APL) and SITC will contribute substantial container volumes once the facility is operational.
"We are actively seeking to expand our network of strategic terminal assets into new geographies in response to customer demand," said Thomas Held, NOL group president and CEO. He went on to describe the terminal location as the future hub for NOL's northern China operations.

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