Port of Dandong
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Port of Dandong is in Liaoning Province, China. It handles coal.
Location
The port lies on the west bank of the Yalujiang River estuary, on the border with North Korea.
Background
In 2008, Port of Dandong could handle up to 32.5 million tons of cargo. It completed 43.5 million tons in 2009. The number rose to 55.05 million tons in 2010. It was expanded between 2011-2016 with an investment of 45 billion yuan ($7.1 billion) from the Chinese government.[1] In 2012 it reached a throughput of 96 million metric tons. The annual average growth surpassed 30% and ranked among the top 20 places. In the Twelfth Five Year Plan, the port is expected to reach a capacity of 400 million tonnes.[2] According to the port's website, Dandong has achieved notable results in developing negotiation and cooperation with the steel, coal, cereal and the other large enterprises. It has become strategic partner with the Benxi Steel Group Corporation to jointly establish the transit shipment base for the iron ore, the coal and the steels, and explore the coking coal, the iron ore and the other resources in Russia and Mongolia.[3]
In 2012, Li Xiang, a manager at Dandong Port Group, estimated the port's annual throughput at 50 million tons of iron and ore, 10 million tons of grain and food, and 40 million tons of coal.[4]
The port is on the border with North Korea, and provides access to China for imports of coal from North Korea.[5] The Dandong port processes almost 70% of China’s total imports and exports to North Korea.[6]
Bankruptcy
In late 2019 to early 2020, the Dandong Port faced a major debt crisis with liabilities amounting to RMB66.7bn ($9.67bn). In January 2020, the Liaoning Port Group bought the Dandong Port after a local court forced a restructuring of the port's leadership.[7]
Port Details
- Operator: Dandong Port Group, Liaoning Port Group
- Location: Liaoning province, China
- Annual Coal Capacity (Tonnes per year): 40 million
- Status: Operating
- Type: Imports
- Coal source: North Korea
Articles and resources
References
- ↑ "Massive expansion set for Dandong port". Seatrade Maritime. 2011-10-26. Retrieved 2021-07-21.
- ↑ "丹东港吞吐量突破1亿吨 正式跻身大港俱乐部," Xinhua, 23 December 2013
- ↑ "The Port of Dandong" Port of Dandong website, accessed July 17, 2011.
- ↑ Zhu Chengpei and Liu Ce"NE Railway opens vast hinterland to Dandong Port," China Daily, 7 November 2012
- ↑ Rebekah Kebede and Michael Taylor, "China coal imports to double in 2015, India close behind," Reuters, 30 May 2011
- ↑ "Dandong Liaoning: The Largest Port City Trading with North Korea". www.travelchinaguide.com. 2021-04-08. Retrieved 2021-07-21.
{{cite web}}: CS1 maint: url-status (link) - ↑ Jiang, Jason (2020-09-01). "Dandong Port emerges from bankruptcy - Splash247". Splash247. Retrieved 2021-07-21.
