China’s ports see 8.1% YoY volume growth in early 2024
NewsLast year, all the Chinese ports handled 16.97 Bt, having exceeded their 2022 volume by nearly 8%. Shanghai throughputs surged, Hong Kong saw a downfall.
PPC in new Xiamen joint venture move
In a surprise move, Pacific Ports Corporation of Hong Kong, a subsidiary of New World Infrastructure, has given up its majority stakes in three container berths at Xiamen in China’s Fujian province to form a 50: 50 joint venture to expand its facilities in anticipation of direct shipping links with Taiwan.
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