Greater ChinaPorts and Logistics

China Merchants increases stake in Ningbo Port

Shanghai-listed Ningbo Port has announced that China Merchants Group has become the second largest shareholder of the company after increasing its shareholding.

China Merchants Group and its affiliates have increased their total shareholding in Ningbo Port to 5%, overtaking SIPG’s position as the second largest shareholder in the port.

Ningbo Port said that it is possible China Merchants will further increase its shareholding in the company in the next 12 months.

China Merchants Port Holdings is the largest port operator in China and it now has a port network portfolio spanning 41 ports in 25 countries and regions.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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