Monday , 26 August 2019
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Zim Integrated Shipping Services has invested US$100m in a container manufacturing plant in Qingdao in north-eastern China. It will hold a 55% stake in the project, the CXIC Star Container Co, with local industry giants CXIC Group, Jiaoyun Group and Qingdao Luhai holding the remainder. The plant will have an annual capacity of 150,000 teu and a turnover of US$250m.

Zim invests in Chinese container plant

This is Zim’s largest project in China, following a number of successful investments in Tianjin, Qingdao, Xiamen and Shanghai. The company has a 25% share in a container factory in southern China, and has established a wholly-owned subsidiary in Shanghai, Zim Logistics (China). Zim Logistics provides forwarding, customs declaration, trucking, inland distribution, NVOCC, air freight, consolidation and warehouse management services.

* Also in China, a new dedicated train service has been introduced between Shenzhen in Guangdong province and Changsha in Hunan. Trains will call on Tuesdays and Fridays at Changsha East, Changsha North, Liling and Pinghu South, terminating at Shenzhen West (for Xili and Shekou) on the Jingguang line. Changsha is the third inland city to introduce dedicated services to Shenzhen, after Chengdu and Nanchang. The new service reduces total transport time from four days to 24 hours and will cut intermodal transport costs by 30%.