China Ocean Shipping Co (Cosco) is the latest to express interest in Shanghai’s new Yuan100 bill (US$12.08 bill) container port at Yangshan islands.
“We are confident of getting a 20 per cent stake in Yangshan port, based on mutual understanding with the Shanghai government,” said Kelvin Wong, deputy managing director of Cosco’s ports and terminals arm Cosco Pacific. He said a decision is expected in the first half of next year....
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This complete item is approximately 210 words in length, and appeared in the December 2003 issue of WorldCargo News, on page 9.
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