Phoenix opens office in Ningbo, China
Wood Dale, Ill.-based non-vessel-operating common carrier Phoenix International Freight Services, Ltd. has opened an office in Ningbo, eastern China.
Ningbo produces one-fifth of the Zhejiang province’s industrial output, Phoenix reported.
“Ningbo port holds the most potential for container vessels in China,” said Andy Wang, managing director of Phoenix. In 2006, Ningbo will be ready to handle vessels of more than 7,000 TEUs in capacity, whereas the water depth of the neighboring port of Shanghai is limited to handling 4,000-TEU vessels and the port is”almost fully occupied,” Wang added.