Ningbo is a major gateway port in Eastern China and the Zhejiang Province. It is the 6th largest container port in the world with strong growth. Container throughput in Ningbo grew 17% annually from 2006 to 2010 and reached 14.5 million TEU in 2011.
Leaders from the Ningbo Port Group and APM Terminals were on hand in Copenhagen to sign a major agreement that creates a new level of cooperation in the fastest growing, deepwater, container port in the world.
The new agreement reflects a 75%/25% (Ningbo Port Group/APM Terminals) share to jointly invest and operate berths 3, 4, 5, comprising a one kilometer quay in Ningbo’s Meishan Container Terminal.