COSCO Shipping Ports acquires Xiamen terminal asset

Xiamen Yuanhai terminal

COSCO Shipping Ports purchased 30% equity of Xiamen Ocean Gate via its wholly-owned subsidiary COSCO Shipping Ports Xiamen (CSPX) to strengthen container related business.

Upon completion of the deal, Xiamen Ocean Gate will become a wholly-owned subsidiary of CSPX. freight forwarder

Xiamen Ocean Gate is principally engaged in the operation of the container terminal at the port of Haicang District, Xiamen, which is a major deep-water port along the south-eastern coastal region.

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