COSCO Shipping Ports pins hopes on Xiamen following acquisitions

COSCO Shipping Ports (CSP) intends to utilise Xiamen in southeast China as the ‘core of its overall strategic layout’, following terminal and free trade zone acquisitions.

CSP has acquired 56% of the equity interest in Xiamen Haicang Free Trade Port Zone Investment and Construction Management as well as 30% of the equity interest in Xiamen Ocean Gate Container Terminal (XOGT).

The operator plans to expand the terminal’s business chains, build an integrated ports and logistics service platform, provide one-stop logistics services for customers, and build a ‘win-win platform’ for upstream and downstream maritime suppliers.