Hong Kong-listed Xiamen International Port Co (XIPC) is acquiring a 25% stake in Xiamen Songyu Container Terminal from APM Terminals, Seatrade Asia online reports. XIPC is going to pay RMB530m ($83.5m) for the 25% in the joint venture terminal. The company said that Xiamen Songyu would be one of only two terminals capable of handling 18,000 teu capacity containerships the other being Haicang Berth No. 1.
“The acquisition will help improve the Group’s external competitiveness. In particular, it can increase the group’s share in high-quality resources and market share in container business in the ports of Xiamen,” XIPC.
“The acquisition will help improve the Group’s external competitiveness. In particular, it can increase the group’s share in high-quality resources and market share in container business in the ports of Xiamen,” XIPC.