Tag: China

Shanghai, Ningbo punished for violating anti-monopoly law

anti-monopoly port law

Four major Chinese ports have been found violating the anti-monopoly law: Shanghai International Port (Group) Co. Ltd., Tianjin Port (Group) Co. Ltd., Qingdao Port (Group) Co. Ltd. and Ningbo Zhoushan Port Co. Ltd. On 15 November 2017, China’s National Development and Reform Commission (NDRC) held a press conference, where Meng Wei, an NDRC spokeswoman, told […]

Hambantota port development project halted?

Hambantota port development

The Hambantota Port Development, a China Merchants Port Holdings (CMPort) project on the southeast coast of Sri Lanka, has stalled at the Framework Agreement stage, reports Sri Lankan News First. According to the report, the Chinese Ambassador Yi Xianliang said “No progress” when questioned yesterday, October 1, on the completion dates of the project. The […]

Brazil’s large container terminal is acquired by China Merchants Port

China Merchants Port TCP

On 4 September, during the 2017 BRICS summit in Xiamen, China Merchants Port Holdings (CMPort) signed the share purchase agreement with TCP Participações S.A. (TCP) to acquire a 90% stake in TCP, the joint-venture that operates the port of Paranaguá, Brazil, informs the Group. The disclosed purchase price is 2.89 bln Brazilian reals (USD 925 […]

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