China Merchants to buy into Chu Kong river terminal

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

31 Jul 2010

Chu Kong Shipping has entered into a strategic cooperation framework agreement with China Merchants, according to ET Net News. Under the deal, Chu Kong is to sell 20 percent of its equity interest in Chu Kong River Trade Terminal Co to China Merchants.

Both companies are expected to benefit from strong complementary advantages in business segments, strategic development and resources through the collaboration.
China Merchants will urge major shipping companies in the Shenzhen western port area to use Chu Kong terminals as their primary port, container return point and stacking area.

Source: Cargo News Asia