China Shipping Development plans to spend 20 billion yuan ($2.81 billion) to double capacity to 18 million dead weight tonnes (dwt) in five years and will buy its parent's LNG shipping business in an appropriate time, Chairman Li Shaode said on Thursday.
Its parent, China Shipping (Group) Co, also aims to sell 10 container terminals in China worth more than 2 billion yuan ($281.4 million) to its unit, China Shipping Container Lines (CSCL) , as soon as possible, Li told Reuters in an interview.
The terminals, which have a total of 30 berths, moved 18 million twenty-foot-equivalent of units (TEU) of cargo last year, said Li, who is also the president of the parent company.
Its parent, China Shipping (Group) Co, also aims to sell 10 container terminals in China worth more than 2 billion yuan ($281.4 million) to its unit, China Shipping Container Lines (CSCL) , as soon as possible, Li told Reuters in an interview.
The terminals, which have a total of 30 berths, moved 18 million twenty-foot-equivalent of units (TEU) of cargo last year, said Li, who is also the president of the parent company.