Wednesday, September 26, 2012
New German port first in country to accommodate VLCCs
Germany opened its first commercial deep-water port Friday in a move to bolster export shipping capacity.
Located on the North Sea coast near the city of Wilhelmshaven, the $1.3 billion JadeWeserPort is one of Germany's largest infrastructure projects and its only port equipped to accommodate the next generation of very large container carriers.
The nation's Hamburg port, its busiest, is located inland where VLCCs are unable to call.
For more of the Bloomberg story: businessweek.com
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