China Merchants seals deal to buy into Australia’s largest coal export port

China Merchants seals deal to buy into Australia’s largest coal export port

China Merchants Port Holdings (CMPort) has finalised the acquisition of the Australian port of Newcastle, the largest port on Australia’s east coast, and the world’s largest coal export port.

CMPort now has ports spread across six continents. In February, CMPort acquired Brazil’s second-largest container terminal, Paranaguá Container Terminal.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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