Yichang Port Group is situated on the Yangtze River near the Three Gorges Dam in Hubei Province. Yichang Port Group is principally engaged in transport logistics and property investments, providing transportation, cargo loading and discharging, storage, shipping agent, cargo agent, port logistics and port equipment rental services in Yichang Port.
In this fiscal year, the annual cargo throughput of Yichang Port reached 7.3 million tonnes, representing a 4% year-on-year growth. Its annual container throughput also increased by 33% to 53,000 TEUs.
Expansion of Yichang Port is underway to seize the growing demand for logistics and transportation services along the middle and upper reaches of the Yangtze. The Yunchi Port Terminal will consist of six berths with total annual throughput capacity of 400,000 TEUs and 1.8 million tonnes of bulk cargo. The 200-acres Linjiangping Logistics Park will comprise of six service zones. The first phase of construction works of the coal blending center at Zhicheng Port has completed. Annual gross capacity is expected to reach 10 million tonnes upon completion.
In November 2009, PYI completed the acquisition of 51% equity interest of Yichang Port Group by the injection of new capital of RMB114 million (HK$130 million).