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18 October 2019 The on-line newspaper devoted to the world of transports 05:43 GMT+2



September 19, 2019

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Original news
COSCO Shipping Ports yields three fluvial terminals to the SIPG

In forecast the sale of others two participation

COSCO Shipping Ports, terminalista group that is under responsibility of shipowning group Chinese COSCO Shipping Holdings Co., has tightened an agreement with the Shanghai International Port (Group) Co. (SIPG), the society that manages the harbour terminals publics of the port of Shanghai, in order to yield them three companies that manage container terminal on the Yangtze river. Draft of the Nanjing Longtan Container Co., of the Yangzhou Yuanyang Terminal International Ports Co. and of the Zhangjiagang Win Hanverky Container Terminal Co. that they will be sold to the SIPG for 1,06 billion yuan (150 million dollars). One previews that the transactions will be completed within the end of this year.

COSCO Shipping Ports has announced also the intention to yield own participation in others two terminaliste societies, also operating they the Yangtze river: the Taicang International Container Terminal Co., that it is active in the segment of the traffic of the container and of which indirectly possesses 39.04% of the capital, and the Jiangsu Yangtze Petrochemical Co., that manages liquid bulk traffics and that of which indirectly possesses 30.40% of the capital.

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