Oil wharf starts construction at Yangpu Port in Hainan
According to SDIC Yangpu Port Corp, a state-owned port operator and one of the project's investors, the construction has started on an oil wharf at Yangpu Port on the island province of Hainan.
A representative from SDIC Yangpu said the wharf will house six liquid-cargo handling berths for 30,000-, 50,000 and 100,000-ton tankers and five million cubic meters of oil tankage. The project will cost approximately CNY 7 billion and is expected to become operational during the fourth quarter of 2013, the source said.
SDIC Yangpu will jointly invest in the wharf alongside Dutch oil storage manufacturer Royal Vopak. Royal Vopak was not available for comment on November 30.
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