Friday , 18 October 2019
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According to a Reuters report, China’s Dalian Port Co plans to sell two container terminals for approximately US$167m to a consortium led by Singapore’s PSA International and AP Moeller-Maersk’s unit APM Terminals. The proceeds from the transaction will be used to repay the company’s debt and to fund development at its other ports.

Dalian Port offloads two terminals

It has agreed to sell the assets – two container berths and relevant facilities in the northern Chinese city of Dalian – to Dalian Port Container Terminal Co, which is owned by PSA (25%), APM Terminals (20%) and COSCO Pacific (20%). The remaining 35% of the joint venture is held by a unit of Dalian Port.