China creates world's largest cargo port company

7/14/2009 9:42:43 AM

Hebei Port Group, the world's largest bulk cargo port company in terms of throughput, was established in north China's Hebei province, Xinhua reported.   The state-owned group is a combination of Qinhuangdao, Caofeidian and Huangye ports in Hebei.   The bulk cargo throughput of these ports reached 281 million tonnes in 2008, the largest volume in the world, said Xu Zuyuan, Vice Minister of Transport.   The group has about US$2.6 billion US dollars worth of assets with 17,000 employees.   Cargo News Asia

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