COSCO enhances its global terminal network

COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP” or “Company”), a leading ports operator in the world, on Jan. 23 announced that the Company will establish its first greenfield subsidiary in South America by acquiring 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A., (“Volcan”) for a total consideration of US$225 million, with an initial payment of US$56 million.

At a signing ceremony held today at Davos, Switzerland, Mr. Zhang...

http://container-news.com/cosco-enhances-global-terminal-network/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon