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China Merchants Port earmarks $787m to invest in Shantou Ports Group

PostTime:2017-04-12 09:00:28 View:102

China Merchants Port Development (Shenzhen) Company (CMPDS) has entered into an agreement to subscribe to a 60% equity interest in Shantou Ports Group (SPG) at a consideration of RMB5.43bn ($787.1m). CMPDS, subsidiary of China Merchants Port Holdings Company, will subscribe to the equity interest in SPG held by Shantou SASAC (the State-owned Assets Supervision and Administration Commission of the Shantou Municipal Government), with the remaining 40% stake in SPG to continue to be held by Shantou SASAC. SPG is principally engaged in ports operation in Shantou, Guangdong province, and operates five port zones in Shantou with a total of 22 berths in operation. In year 2016, SPG handled total container throughput of 1.16m teu, an 8.1% year-on-year increase. “The group has, in recent years, been actively exploring and, as and when deemed appropriate, capturing available opportunities as one of the means to effectively add new growth drivers to its existing and sustainably growing ports business,” Hong Kong-listed China Merchants Port stated. “The investment by the group into SPG will allow the group to control the ports assets in Shantou currently operated by SPG and will further strengthen the group’s port network in Southern China,” it added. At present, China Merchants Port’s investments and operations span across China coastal areas including Hong Kong, Shenzhen, Shanghai, Ningbo, Qingdao, Tianjin, Zhanjiang, Xiamen Bay, and Taiwan, and internationally in Sri Lanka, Nigeria, Djibouti, Togo, US and a number of countries in Asia, Europe and the Mediterranean region.

Shantou 2013 port container volume up 3pc to 1.28 million TEU

PostTime:2014-02-19 08:26:56 View:367

SHANTOU port in southern China's Guangdong province posted a three per cent year-on-year increase in container volume to 1.28 million TEU in 2013, reports Xinhua. The port's overall cargo volume in the year increased 10.4 per cent to 50 million tonnes, setting a record high. The port secured a steady growth in 2013. However, compared with 2012 the growth began to slow, affected by the weak global economic environment and severe weather as well as the insufficient terminal capacity.

Xiamen airport launches air-truck intermodal service to Shantou

PostTime:2009-07-30 08:52:52 View:631

XIAMEN Gaoqi Airport, situated in southeastern China's Fujian province, has inaugurated a three-time-weekly air-truck intermodal service to eastern Guangdong city Shantou, Logistics Week reported. The service is the first of such kind launched between provinces. Exports manufactured in Shantou can be transported to Xiamen airport via the service, making use of the airport's extensive international cargo network, as can the imports to Shantou and vice a versa. Xiamen and Shantou customs are cooperating in offering one-stop customs clearance for users of the service. Shippers can go through the customs formalities in their local areas, and then their cargo will be directly loaded onto aircraft after being checked by the Xiamen customs. Shantou, a manufacturing city in eastern Guangdong province, is some 300 kilometres, the equivalent of around four hour's ride from the Xiamen airport. While Xiamen airport has abundant cargo capacity with 42 airfreight services a week. The new service will create a win-win situation for both sides, said the report.