Chinese firm replaces ICTSI in Brunei

Chinese firm replaces ICTSI in Brunei

A Chinese terminal operator will take the slot vacated by Philippines-based ICTSI at Brunei’s top container facility.

Guangxi Beibu Gulf Port Group is working in a joint venture with state-backed Darussalam Assets to run Muara Container Terminal, a move that state media in China have hailed as the latest in a string of investments to further Beijing’s One Belt, One Road initiative.

“Brunei is an important country along the 21st century maritime Silk Road. We hope that bilateral cooperation in every field can be further deepened,” Chinese ambassador Yang Jian was reported as saying at the opening ceremony.

Guangxi Beibu Gulf Port Group, located in the southwest of China, has also formed port ties in Malaysia recently.

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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