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¡¡¡¡¡ôOn June 17th, the first part of Country Crude Oil Tank Farm (Dalian) was put into use. This tank farm includes 6 storage tanks with 100,000 m3 each. So far, the storage capacity of Dalian Xingang has reached 340,000 m3. ¡¡¡¡¡ôAt present, Meishan harbor No1.-5 container dock project of Ningbo-Zhoushan port application report has passed the examination in advance. Meishan container dock project plans to build eleven 70 thousand and above-ton-berths. This project will be completed by end-2009, with annual three million TEU. ¡¡¡¡¡ô Chinese port operator Jinzhou Port Co., Ltd. announced that it had gained approval from its board to issue 246 million shares in a private placement. Dalian Port is to take an 18.9% stake in Jinzhou Port. All the shares will be acquired by its domestic peer Dalian Port Co., Ltd. for RMB 7.77 apiece in cash. The proceeds Jinzhou Port raises from the private placement will be about RMB 1.911 billion and will be mainly used to fuel its four projects, pay back bank debts and complement capital.
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