The Singapore-based parent of APL, the world’s seventh-largest container line, is investing $25.8 million in a joint venture to operate a two-berth container terminal at the Port of Qingdao that is expected to open in the second half of 2011.
NOL formed a partnership with Qingdao Qianwan United Container Terminal Co. to operate the Qingdao terminal under a 30-year concession.