Phase 2 & 3 were held by Qingdao Qianwan Container Terminal Co., Ltd (QQCT), a joint venture of Qingdao Port (Group) Co. Ltd. (31%), Dubai Ports World (was held by P&O) (29%), COSCO Pacific (20% interests, 18.18% voting power) and A. P. Moller-Maersk Group (20%).
Phase 4, as Qingdao New Qianwan Terminal (QQCTN), located in south bank, was a joint venture of Qingdao Qianwan Container Terminal Co., Ltd, (80% interests) and Pan Asia International Shipping Ltd. (20% interests), which started to build in 2007.
Co-currently, China Merchants Holdings (International) reached an agreement with Qingdao Qianwan International Logistic Park to build a port for the Logistic Park in September 2003.,[4] which had 5 berths dedicated for container (which CMHI holds 100% interests) and 2 multi-purpose berths.
In December 2009, China Merchants International Container Terminal (Qingdao) Co., Ltd., the wholly subsidiary of CMHI, reached an agreement with QQCTN to set up a new joint venture company Qingdao Qianwan United Container Terminal Co., Ltd., (QQCTU) to engaged in the construction, operation and management current and future projects in the south bank,[5] and take-over the current berths of China Merchants (5 berths) and QQCTN (4 berths).
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