July 25 -- Zhuhai Port (000507) and Wuzhou Traffic Investment & Development will jointly create a new company called Zhuhai Wuzhou Dalikou Port, reports stcn.com, citing a company filing.

Dalikou Port is located in Wuzhou city, Guangxi Province, at the convergence of the Xun River and the Gui River. The joint venture there entails two 1,000 deadweight ton hydraulic structures and will have registered capital of 10 million yuan. Zhuhai Port will invested 72 percent of that sum, and the project requires a total investment of 220 million yuan.

Dalikou Port is expected to be operational in 2014, with container throughput of 50,000 cases and bulk cargo throughput of 250,000 tons.

Zhuhai Port will also cooperate with Guangzhou Development Coal Investment, Singapore IMC Group, China Resources Investment and Shanxi Coal Import & Export Group to create a bulk cargo port in Gaolan Port District of Zhuhai city.

Zhuhai Port reported a 145.58-percent year-on-year increase in net profit to 208 million yuan in the first half of 2011, with revenue of 189 million yuan, up 0.92 percent year-on-year.

Source:Capitalvue