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 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.

Related Posts