Ningbo-Zhoushan Port plans to raise $1.6 billion in order to upgrade its facility. Specifically, the port will expand six container terminals which are estimated to increase its annual handling capacity to more than 32 million TEU from 5.6 million TEU during 2020.
In fact, the Chinese container port plans to raise the funds by giving 2.635 billion non-public shares to its company Ningbo-Zhoushan Port Group (NZPG), and to Shanghai International Port Group.
Among other upgrades, Ningbo-Zhoushan...
https://safety4sea.com/ningbo-zhoushan-port-to-strengthen-its-handling-capacity/