The port is looking at spending around USD 84 million on the construction of two berths at the Ningbo-Zhoushan port complex, whilst the remaining USD 15 million will be allocated as working capital.
One berth will be able to accommodate 300,000 dwt vessel while the other 100,000 dwt. Combined the side-by-side berths will be able to cater for 400,000 dwt vessels as well. Construction of these 2 berths will be completed towards the end of 2015. By 2016, a second 300,000 dwt berth and two 50,000 dwt berths will be completed. As they are placed side-by-side it will make another 400,000 dwt berth.
The Ningbo-Zhoushan port complex, located in the coastal province of Zhejiang, is at the crossroads of the north-south inland and coastal shipping route, making it one of China’s busiest ports.
In 2014, Zhoushan port generated a revenue of USD 138.7 million and a profit of USD 29.5 million.