China’s Ningbo Zhoushan Port has revealed plans to invest RMB 6.5 billion (US$ 926 million) to develop a new terminal at the Liuheng port area.

The first phase of the Fodu Terminal, located at northwest side of Fodu Island in Zhoushan, will include the construction of two 200,000t container berths, capable of handling 24,000 TEU ships. Reflecting the global shift towards larger vessels, the company revealed that the terminals will be designed to accommodate the next generation of container ships with capacities of up to 32,000 TEU. The terminal will include a 950m long quay and a 939,400m² container yard.

Construction is set to begin in October 2025, with completion expected by the end of 2027. Once operational, the terminal is projected to handle 2m TEU annually.

Ningbo-Zhoushan Port has cited the strong market demand from the Yangtze River Delta and its wider hinterland as a key driver for the expansion.

Shanghai-listed Ningbo Zhoushan Port plans to execute the project through its wholly-owned subsidiary Zhejiang Haigang Fodu Container Terminal.

The company said that 40% of the planned investment will be funded by capital, amounting to RMB 2.6 billion, while the remainder will be raised through bank loans. The registered capital of Fodu Terminal Co. will be increased from RMB 50 million to RMB 2.55 billion.

China’s Ningbo Zhoushan Port has revealed plans to invest RMB 6.5 billion (US$ 926 million) to develop a new terminal at the Liuheng port area.

The first phase of the Fodu Terminal, located at northwest side of Fodu Island in Zhoushan, will include the construction of two 200,000t container berths, capable of handling 24,000 TEU ships. Reflecting the global shift towards larger vessels, the company revealed that the terminals will be designed to accommodate the next generation of container ships with capacities of up to 32,000 TEU. The terminal will include a 950m long quay and a 939,400m² container yard.

Construction is set to begin in October 2025, with completion expected by the end of 2027. Once operational, the terminal is projected to handle 2m TEU annually.

Ningbo-Zhoushan Port has cited the strong market demand from the Yangtze River Delta and its wider hinterland as a key driver for the expansion.

Shanghai-listed Ningbo Zhoushan Port plans to execute the project through its wholly-owned subsidiary Zhejiang Haigang Fodu Container Terminal.

The company said that 40% of the planned investment will be funded by capital, amounting to RMB 2.6 billion, while the remainder will be raised through bank loans. The registered capital of Fodu Terminal Co. will be increased from RMB 50 million to RMB 2.55 billion.