The Chinese company which purchased the 99-year leasing right for the Port of Darwin announced on Tuesday [31 May 2016] an 18-million-U.S dollar expansion of its operations, just months after taking control of the port. Landbridge Group, owned by Chinese billionaire Ye Cheng, said it would be expanding its operation in Darwin, with a one-km extension of its quay line among the planned upgrades…Full Article: May 2016

Key Point

  • In October 2015, Landbridge Group signed the 99-year lease on the Port of Darwin. Landbridge plans to us the US$18 million investment to expand the ports facilities to handle dry bulk exports, liquid bulk exports, as well as live cattle and containerized goods.

ChinaAg Comments

  • In July 2015, Zhanjiang Customs, Guangdong Province, announced it would increase cooperation with Western Australia’s Dampier Port and Singapore.
  • Founded in 2001 and headquartered in Rizhao, Shandong Province, Landbridge Group is a petrochemical company that manages a port and luxury hotel in Shandong Province. The company is one of the largest private enterprises in Shandong Province.

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