OOCL and Cosco in new Ningbo deal

News-in-print by WCN Editorial

Orient Overseas Container Line (OOCL) of Hong Kong has taken a 20% stake in a Yuan780M (US$97.5M) joint venture that will manage and operate a container berth at China’s Ningbo port. It is OOCL’s first investment in a terminal in China outside the SAR. The other partners are stateowned Ningbo Port Group (NPG) with 50%, COSCO Pacific (20%) and SDIC Communications (10%).

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Business Finance/Financial Results Legal/Regulatory Mergers/Acquisitions/Restructuring Ports & Terminals China China Merchant Holdings International Cosco Evergreen Marine Ningbo Orient Overseas Container Line SDIC Communications

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