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


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:


Related Posts

Pireaus Port gets new lease of life 13 years after Chinese acquisition


Qingdao Port sets new record for cargo capacity


Tianjin Port keeps cargo on the move

China Daily2023-09-21

China's Beibu Gulf Port sees over 200 mln tonnes cargo throughput in Jan-Aug


SPG's Yantai Port opens new cargo route to the Middle East


CMPort's Performance Shows Steady Growth in the First Half of 2023