XINDE MARINE NEWS
COSCO SHIPPING Ports, Hutchison Ports and CMA Terminals to establish a JV Xinde Marine News Sarah Yu 2023-04-24 17:13

[Photo: COSCO SHIPPING]

According to the official website of State Administration for Market Regulation, the new joint venture case between Hutchison Ports Europe and operators such as COSCO SHIPPING Ports has been publicly announced on the official website starting from April 23.This means that a joint venture will be established by Hutchison Ports Europe, COSCO SHIPPING Ports and CMA Terminals.
 
The joint venture will develop and operate a container terminal in Egypt. After the completion of this transaction, Hutchison Ports Europe, COSCO SHIPPING Ports and CMA Terminals will respectively hold 50%, 25% and 25% of the equity of the joint venture and jointly control the joint venture.

By Xinde Marine News Sarah Yu

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:

media@xindemarine.com


展开全文

Related Posts

Milestone Achieved! The very first of the Belt and Road between Brazil and China archived over 10 mil

Xinde Marine News Pang Kai2025-04-08

China’s First Bulk Bunkering of Domestic Green Methanol — A Breakthrough at Shanghai Port

Xinde Marine News Pang Kai2025-04-02

Rotterdam and Singapore Strengthen Collaboration on Green and Digital Shipping Corridor

MPA2025-03-25

MPA and CMA CGM Sign MoU to Enhance Sustainable Shipping and Digital Innovation

MPA2025-03-18

China's Ports Surge Ahead: Major Container Terminal Expansion Wave Reshapes Global Maritime Landscape

xinde marine news Chen Yang2025-03-18

Port of Hamburg: Growth in container throughput and rail transport

Port of Hamburg2025-02-28