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18 April 2019 The on-line newspaper devoted to the world of transports 20:18 GMT+2



January 2, 2019

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COSCO Shipping Ports has acquired 4.34% of the capital of the Beibu Gulf Port Co.

The two societies possess joint venture Qingzhou International Container Terminal Co.

Terminalista society COSCO Shipping Ports, that shipowning group Chinese COSCO Shipping Holdings Co is under responsibility of., has acquired for 470 million yuan (68 million dollars) 4.34% of the capital of the Beibu Gulf Port Co. (former Beihai Port Co.), society of the government of the Chinese province of Guangxi that manages the harbour areas of Fangcheng, Qinzhou and Beihai situated in the Gulf of Beibu (Gulf of the Tonchino).

Currently COSCO Shipping Ports and Beibu Gulf Port Co. they are partner in joint venture Qingzhou International Container Terminal Co., of which they stop respective 40% and 60% of the capital, company that manages the homonymous container terminal of the port of Qinzhou that has a annual ability to traffic pairs to 1,2 million teu.

Evidencing strategic the geographic position of the managed harbour landings place from Beibu Gulf Port Co., COSCO Shipping Ports it has specified that in the first nine months of the 2018 Beibu Gulf Port it has enlivened a traffic of 134,5 million tons of goods, with a progression of +13.7% on the same period of the year precedence, and a traffic of the container that has turned out pairs almost 2,2 million teu (+30.2%).

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