Guangzhou Port Subsidiary plans to invest $2.02b in Nansha

Recently, a wholly-owned subsidiary of Guangzhou Port Corporation announced plans to invest 14.5 billion yuan ($2.02 billion) in building the Phase V project at Nansha Port.

The project is situated in the Longxue Island operation zone and is planed to be constructed between 2026 and 2032. It will feature several container berths with an expected annual throughput capacity of 6.7 million TEUs.

Nansha Port. [Photo/WeChat account: gz_nanshafabu]

Guangzhou Port's Nansha area is resource-rich, with an annual container capacity of 24 million TEUs, placing it among the world's top ports. In 2024, total container throughput exceeded 20 million TEUs, and foreign trade transactions surpassed 10 million TEUs for the first time.

This year, Nansha's marine economy has seen significant progress, marked by the deployment of the cold spring installation, the delivery of Su Hai No 1, and new yacht management models introduced in the Hong Kong and Macao regions. Orders for high-end shipbuilding and marine engineering projects from related companies have increased, with delivery timelines pushed back to 2029.