Chiwan Wharf Holdings rebrands to China Merchants Port Group

Chiwan Wharf Holdings rebrands to China Merchants Port Group

Shenzhen Chiwan Wharf Holdings has announced that the company has rebranded, changing its name to China Merchants Port Group, as part of China Merchants Group’s ongoing restructuring of its port assets.

Following the completion of the restructuring, the new China Merchants Port Group will control Hong Kong-listed China Merchants Port Holdings and all the domestic and overseas port assets owned by China Merchants, becoming the integrated port operating platform of the group controlling assets with total value of over RMB110bn ($16bn).

In June, Chiwan Wharf announced plans to acquire a 38.72% stake in China Merchant Port Holdings for a total price of $3.8bn.

The group believes the restructuring is an important step for the group’s port development strategy under the central government’s belt and road initiative.

China Merchants now has a port network portfolio spanning 36 ports in 18 countries.

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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