Cosco Shipping Ports starts on new box terminal at Khalifa port
COSCO Shipping Ports (CSP) has held a groundbreaking ceremony for the CSP Abu Dhabi Terminal at Khalifa port that is expected to commence operations in the first quarter of 2019 with an annual container handling capacity of 2.5 million TEU.
On the sidelines of the groundbreaking ceremony, CSP also signed an agreement with Abu Dhabi Ports Company, the owner and operator of ports in Abu Dhabi, to develop the region's largest container freight station at Khalifa port, reported Colchester's Seatrade Maritime News.
"CSP Abu Dhabi Terminal is the first overseas greenfield project controlled by Cosco Shipping Ports. The project encompasses our passion to build our own strategic terminal and our goal to drive the economic growth of the region," said CSP managing director Zhang Wei.
"CSP is dedicated to building a highly efficient comprehensive terminal with synergies from port and shipping, a transhipment hub, and a solid services network connecting transportations in the sea, land and air."