RESTRICTED
wwwww
14
-
B.
Yuet Hoi Enterprises Comapny Limited
Yuet Hoi Enterprises Company Limited (1A), a newly established company of China and the sole agent for trading companies
in Guangdong province, would invest $500 million in the construction of a wharf in Kowloon Bay specially for loading and unloading cargo on board vessels from Guangdong, it was reported on January 11, 1981.
The new wharf will have a storing capacity of 140 000 cubic metres and is expected to be completed in late 1982.
It will have a pier of its own, which will be 110 metres long and has a
water depth of three metres.
Construction of the pier is necessary in view of the increase in the volume of cargo shipped in from China. It is estimated that cargo from China will reach 7.5 million tons this year, an increase of about 10 per cent over the previous year.
C.
Kiu Kwong Investment
) was the
It was reported on September 30, 1980 that at a public land auction, the Beijing controlled Kiu Kwong Investment (***A successful bidder for two sites in Kowloon Bay for the construction of two godowns.
The two sites have an area of 5 450 and 5 820 square metres respectively. One site was bought at $170 million while the other was bought at $180 million.
According to the manager of Kiu Kwong Investment, Mr. Leung Sing, China needed all the godown space it could get as its export and re-export trade through Hong Kong continued to grow.
D.
Guangdong Enterprises Limited
Guangdong Enterprises Limited (RA), a newly-established company in Hong Kong which acts as an agent for all economic entities and corporations in Guangdong, will invest $400 million in building a wharf in Kowloon Bay mainly for Chinese cargo vessels calling at Hong Kong, it was reported on January 6, 1981.
The project will be a joint venture between the company and Chukong Shipping
).
Company of Hong Kong (I☎ A
An executive of Guangdong Enterprises said the project was designed to foster closer economic relations between the two places and to cope with the increasing volume of cargo carried here by Chinese vessels.
The company, with a registered capital of $5 million, will ease the workload on China Resources, Wah Yuet and other agents for Chinese products in Hong Kong.
The new wharf is expected to be completed by the end of next year.
8.
CARGO SERVICES
A. Hong Kong & Macau Wan Tung Shipping Company
)
The Hong Kong and Macau Wan Tung Shipping Company (IDHEAD} ), and the Zhuhai Municipality Sea Transportation Company (ALIRAJ have jointly operated a cargo service between Zhuhai municipality and Hong Kong and Macau. They have also set up a Zhuhai, Hong Kong and Macau Joint Transportation Company (珠海港澳聯運公司 ) office. The cargo service was started on
December 8, 1980.
B.
China Ocean Shipping Company
China Ocean Shipping Company (Cosco) had opened up routes from various Chinese ports via Hong Kong to foreign countries, it was reported in June last year.
The first route was the China-Hong-Kong-Philippines run, which began in March, 1980. The 4 270 deadweight ton Xijian is in service carrying 40-foot containers.
•
No comments yet.
Private notes are available after approval.