Dalian Port to sell stake in Weihai Port

Dalian Port to sell stake in Weihai Port

Dalian: Dalian Port has announced that it plans to sell its entire 9.98% equity holding in Weihai Port of Shandong.

Weihai Port completed an annual cargo throughput of 42.88m tons in 2014, and the port is now upgrading its navigation channels to expand operations.

Dalian Port also holds 15% equity in Jinzhou Port New Times Container Terminal and 15% equity in Qinhuangdao New Port Container Terminal. It reported a net profit of RMB520.6m ($83.8m) for the year of 2014, down 23.7%, and says it expects an even more difficult year ahead.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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