Dalian box volume flat, but up 12pc overall on oil

DALIAN Port (PDA) Co Ltd has announced a 12 per cent increase in overall January-August throughput at the World Economic Forum and will now invest in further oil handling facilities, Reuters reported.

Port chairman Sun Hong said the port's CNY4 trillion (US$585 billion) investment from government stimulus includes the construction of a 1.25 million cubic metre oil tank in partnership with state-owned PetroChina.

With container volumes remaining flat to reporting period of August it is looking to cut spending, he added, but he expected improvement in the second half from the four per cent drop in revenue during the first eight months of the year.

(Source: www.schednet.com)