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 […]

China’s biggest automated container port to start in December 2017

Yangshan automated container port

In December, the Yangshan Deepwater Port in Shanghai will start operating 7 new berths with depths of 15m, boosting Shanghai’s annual handling capacity up to 40 mln TEU and thus confirming its status of the world’s busiest container port, writes South China Morning Post. According to a press officer of Shanghai International Port Group, Yangshan […]

Chinese consortium to build new container terminal in Hamburg?

CCCC Hamburg Port

Hamburg port community strongly opposes the results of the 5-months international ideas competition initiated in January 2017 by the Hamburg Port Authority (HPA) with the view to develop the 42-hectare area Steinwerder-Süd. The competition has been won by China Communications Construction Company (CCCC) with the project to construct a container terminal in that central port […]

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