Yantai International Container Terminals Ltd. (YICTL), Shandong, China
|Yantai International Container Terminals Ltd. (YICTL)
156 Gangwan Dadao, Yantai
264000 Shandong, China
|: +86 0 535 674 0866
: +86 0 535 674 0889
In April 2007, International Container Terminal Services, Inc. (ICTSI) took over the operation and management of the Yantai Gangtong Container Terminal Ltd. (YCT), a government owned corporation in the Port of Yantai, Shangdong Province, People´s Republic of China. YCT was later renamed Yantai Rising Dragon International Container Terminals Ltd. (YRDICTL) and operated Berth 38 and 39, mostly handling domestic cargo.
In May 2014, The Chinese government, through the Shandong Ministry of Commerce, approved the consolidation of port services in Yantai. The move enable ICTSI to purchase 51 percent shares of DP World Yantai Co. Ltd., which operates in Berths 51, 52, 61 and 62, solely handling foreign cargo. DP World Yantai Co. Ltd. was renamed Yantai International Container Terminal Ltd.
ICTSI divested its interest in YRDICTL, and sold its shareholding back to the Chinese Government.