The port will cover an area of 900,000 square meters in Tianjin's booming Binhai district and will have 750 berths to accommodate 300-foot-long(about 91.5 meters) luxury yachts.
Tianjin Port's total cargo throughput is expected to reach 400 million tons - including 10 million containers - this year.
The largest cruise homeport Tianjin International Cruise Homeport formally opened Saturday.
The world's leading cruise liner "Legend of the Seas" has booked the Tianjin port as its homeport.
Iron ore from Australia is unloaded at Tianjin Port, in Tianjin municipality.
Tianjin Port will open to international cruise ships for refueling and maintenance in June this year.
Tianjin Port Development Holdings Ltd said yesterday it will raise a net HK$2.4 billion placing 986.5 million shares at HK$2.50 each.
China's Ministry of Transport (MOT) has called for efforts to reduce accidents caused by sea ice following recent frequent cold waves to ensure safe and smooth navigation on the sea and operation at ports.
Some ships were having trouble reaching the port at Tianjin - the port for China's capital, Beijing, and the third largest in the country.
With14.6 billion yuan in revenue in 2008, Binhai’s Tianjin port is currently the largest port in northern China, and the fifth largest in the world.
Tianjin Port, Guangzhou Port, and the state-owned China Shipping Group signed agreements to cooperate more closely.
Tianjin Port has begun construction on two important docks which will bring in 58 million tons of cargo throughput when completed.
Shanghai-based China Shipping Container Lines Co Ltd (CSCL) launched its maiden voyage from Tianjin to the Middle East on Thursday (July 9) by co-operating with French CMA CGM, a world leading container shipping group.
China's foreign trade contracted for the seventh consecutive month in May, notwithstanding the improvement in the US Consumer Confidence Index and the government stimulus policies.
Tianjin Port, the largest port in northern China, recorded a recovery in volume of freight handled in March, the municipal communications commission said on Friday.
Major ports in the country are holding consolidation talks with regional rivals as resource duplication and stifling competition threaten to destroy profits at a time of dwindling business.
Tianjin Port Development Holdings Ltd said on Monday it will pay $1.4 billion for a controlling stake in Shanghai-listed Tianjin Port Co Ltd.
China's ports will be the first to see the benefit of the government's macroeconomic regulation policies, with the effects expected to be clearly visible by as early as April, it was predicted yesterday.
Tianjin Port (Group) Co, the country's third largest in terms of cargo throughput, plans to invest 12.8 billion yuan this year to build new berths and upgrade facilities, according to a top executive.
