enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

UTA expands cashless refuelling network
MOSCOW: June 19, 2018: Union Tank (UTA) has expand...

Read more

CMA CGM acquires Finnish shortsea operator
MARSEILLE: June 20, 2018. CMA CGM is to acquire Co...

Read more

Turkish Cargo helps cherry exporters
OSLO: June 20, 2018. Turkish Cargo has begun deliv...

Read more

FedEx makes US$6.6 billion Boeing order
SEATTLE: June 19, 2018. FedEx Express has announce...

Read more

Breakbulk Europe 2018 smashes attendance record
BREMEN, Germany: June 18, 2018. Breakbulk Europe s...

Read more

DHL Freight goes green with LNG trucks
BONN, Germany: June 18, 2018: DHL Freight has cont...

Read more

Brussels Airport gearing up for 60th birthday bash
BRUSSELS: June 18, 2018: This year sees Brussels A...

Read more

Jet Airways takes off under RCS
ALLAHABAD, India: June 14, 2018. Jet Airways has c...

Read more

Panalpina continues Latam expansion with Newport buy
BASEL, Switzerland: June 15, 2018. Panalpina has c...

Read more

UTA expands cashless refuelling network
CMA CGM acquires Finnish shortsea operator
Turkish Cargo helps cherry exporters
FedEx makes US$6.6 billion Boeing order
Breakbulk Europe 2018 smashes attendance record
DHL Freight goes green with LNG trucks
Brussels Airport gearing up for 60th birthday bash...
Jet Airways takes off under RCS
Panalpina continues Latam expansion with Newport buy

Latest News

Trump cages children
20 Jun, 2018

Airlines ban US government from using them to separate children from parents

in Air
CHICAGO/DALLAS: June 20, 2018. On World Refugee Day, United Airlines and American…
Goodman Brazil
20 Jun, 2018

Canada invests in Brazil logistics partnership

in Warehousing
TORONTO: June 20, 2018. The Canada Pension Plan Investment Board (CPPIB) is to allocate…
Dover port
20 Jun, 2018

Time running out to keep Britain fed

in News
LONDON: June 20, 2018. Britain’s logistics industry has issued a stark call to the…
MPS Ghana
15 Jun, 2018

IFC stumps up US$700 million for Tema expansion

in News
TEMA, Ghana: June 15, 2018. Meridian Port Services (MPS) has secured almost US$700…
Emirates Cainiao
15 Jun, 2018

Emirates SkyCargo to support Cainiao Network’s Dubai hub

in News
DUBAI: June 13, 2018. Emirates SkyCargo and the logistics arm of Alibaba, Cainiao, have…
Plastics hub Antwerp Bertschi
13 Jun, 2018

Bertschi adds to Antwerp footprint with new 25,000sqm-plus facility

in News
ANTWERP: June 13, 2018. Global logistics provider Bertschi has opened a new plastics hub…
Turkish Cargo A330F
11 Jun, 2018

Turkish Airlines plans to become an e-commerce Integrator

in News
ISTANBUL: June 11, 2018. Turkish Airlines (THY) has announced plans to form an integrated…
Amerijet fleet
09 Jun, 2018

Amerijet appoints new charter sales director

in News
MIAMI, Florida: June 07, 2018. Amerijet International has appointed Glen Gates as its…
Swiss World Cargo
09 Jun, 2018

SWISS boosts QEP stations to 36

in News
GENEVA: June 07, 2018. Swiss WorldCargo has bolstered its network of QEP accredited…

XIAMEN, China: September 04, 2017. China Merchants Port Holdings (CMPort), owned by China's state-owned Assets Supervision and Administration Commission (SASAC), is to acquire a 90 percent stake in Brazil's Paranaguá Container Terminal for US$925 million from operator TCP Participações (TCP.

The purchase, expected to complete by the end of 2017 and subject to regulatory approval, is CMPort's first investment in Brazil.

TCP port of Paranagua With an annual capacity of 1.5 million TEUs increasing to 2.4 million by 2019, TCP handles approximately 10 percent of Brazil's annual container traffic at the Port of Paranaguá (right) including frozen meat, wood, automotive components, chemicals and electronic equipment.

TCP also provides shippers with port-to-port container logistics via its TCP Log subsidiary.

"China Merchants Port understands that entry into Latin America, especially in Brazil, is crucial to the global expansion of its terminal network," said CMPort managing director Bai Jingtao. "TCP is not only the key landmark of China Merchants to enter Brazil, but the future hub for the growth of the flow of commodities and goods between Brazil and China."

CMPort handled 95 million containers last year via operations in China, U.S., Sri Lanka, Nigeria, Djibouti, Togo and Turkey.

"The transaction is in line with China Merchants Group's strategy to promote trade cooperation with the BRICS, as well as the 'China-Brazil Joint Action Plan'," added Hu Jianhua, executive vice president of China Merchants Group and vice-chairman of CMPort. "The transaction will help CMPort achieve its business objectives while at the same time contributing to the development of trade between Brazil and China and the strategic cooperation relationship between the two countries."

TCP CEO Luiz Antonio Alves noted: "Certainly China Merchants will contribute much in this new stage of growth of the company, taking advantage of the synergies with the several terminals operated by the group in the world and offering its global experience to the customers of TCP."

China Merchants, controlled by SASAC with a capitalization of ¥13.75 billion, operates in three business areas: transportation (ports and related services, toll roads, energy shipping and logistics); finance (banking, securities, funds, insurance); and property development.

Corporate News

- powered by Quickchilli.com -