Qingdao Port buys 33% stake in COSCO’s Abu Dhabi terminal
Qingdao Port International Development has agreed to purchase a 33% stake in COSCO Shipping Ports (Abu Dhabi), a deepwater terminal located in Khalifa Port, for US$59m.
The terminal is CSP’s first international greenfield subsidiaryand offers a design capacity of 2.5m teu with 1,200 m of quay.
The water depth of the terminal is 16.5 m, allowing it to accommodate mega-vessels typically carrying in excess of 20,000 teu.
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