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China Merchants Holdings (International) Co., owner of stakes in the country's five largest container ports, plans to build a 3.5 billion yuan ($468 million) multipurpose terminal in Shenzhen.

The company aims to build the terminal in Mawan's Qianhaiwan district, and develop it into five berths, Chairman Fu Yuning told reporters in Shenzhen Oct. 26. The first berth, to cost less than 700 million yuan, will be used for bulk cargo and will have a capacity of 100,000 tons. Construction will start next year.

"Bulk cargo business should continue to prosper over the next two to three years," said Roslyn Ji, an analyst at Core Pacific-Yamaichi International Ltd. in Hong Kong. "The company wants to diversify their business as most of the container terminals are mature and developed."

China Merchants is benefiting from expanding global trade as the country exports more clothing, computers and other goods to Europe and the U.S. It plans to increase investment in bulk termina...

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