China Merchants International Terminals Co., Ltd, Ningbo Daxie ("CMICT") is a strategic port investment in Mainland's most economically active region- the Yangtze River Delta with a total investment of US$ 400 million. It is owned as to 45% by CMHI.
Located in Daxie Port Zone of Ningbo, the Zhejiang Province and at the intersection of the "T" area where midpoint of China's coastline joins the Yangtze River Delta and the Yangtze River, CMICT is 136 sea miles from Shanghai, 40 kilometers from Ningbo City and is proximate to Ningbo Economic and Technological Development Zone, the Ningbo Bonded Zone. It is where foreign and domestic ships enter the Yangtze River Delta and reach coastal regions of the Yangtze River Delta and where domestic goods are exported overseas.
Construction of the three 100,000-DWT berths for general cargo and one 70,000-DWT container berth (good for 12,500 TEU container ships) and auxiliary facilities started in September 2003. It has a berth length of 1,500 meters and a designed capacity amounting to 2.4 million TEUs. 3 berths from the first phase have been in service and the usable quay length adds up to 1170 meters. Construction of other berths and auxiliary facilities is in progress.
At the end of 2007, CMICT has launched 19 liner services for foreign trade, 9 feeder services and 6 liner services for domestic trade to visit Europe, the Mediterranean Sea, America, the Middle East, Indo-Pakistan, the Southeast Asia, Russia and Australia, etc. CMICT experienced robust growth in 2007 by handling 700,000 TEUs.