Chinese consortium invests in Kaohsiung terminal

Ocean

Wednesday, December 19, 2012

A trio of Chinese companies have agreed to take a joint 30 percent stake in a terminal in Taiwan’s busiest container port, Kaohsiung. The three companies, COSCO Pacific, China Shipping Terminal Development, and China Merchants, will take the stake in a Yang Ming terminal in the port. Yang Ming will retain a 60 percent share in the Kao Ming Terminal, with the other 10 percent belonging to the Ports America Group, which acquired its share earlier this year. The Chinese s...

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