Dalian Port takes 23% Yingkou Port stake

Dalian Port takes 23% Yingkou Port stake

Dalian Port has announced a plan to acquire about a 23% equity stake in Yingkou Port for RMB11bn ($1.59bn).

The port group said the move is an important part of the restructuring process of port assets in Liaoning Group.

Last year, both Dalian Port and Yingkou Port were integrated into Liaoning Port Group, which is operated by China Merchants Group.

In January, China Merchants issued RMB10bn ($1.47bn) worth of bonds to fund the development of ports under Liaoning Port Group.

Dalian Port and Yingkou Port are two major coastal ports in northeast China, ranked 8th and 9th respectively among Chinese ports in 2018 in terms of container throughput.

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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