Dalian Port Merges Container Terminal Facilities

Image Courtesy: Dalian Free Trade Zone

Dalian Port (PDA) Company Limited revealed that its subsidiary Dalian Container Terminal Company inked deals to acquire the total assets, liabilities, interests, and businesses of two container terminal subsidiaries, Dalian Port Container Terminal (DPCT) and Dalian International Container Terminal (DICT).

With this move, PDA intends to further integrate resources, reduce management costs and improve operational efficiency, what is in line with the company’s strategy.

As informed, the transaction will include equity transfer and swap agreements with DPCT’s and DICT’s shareholders which include Dalian Port, APM Terminals, PSA China, Cosco, NYK and China Shipping.

The agreements are subject to relevant conditions. Once the transaction is approved, DPCT and DICT will be dissolved, according to Dalian Port.

Dalian Port Container entered into the equity transfer deal with the vendor, APM Terminals Dalian, according to which APM will sell shares for USD 18 million. The shares represent 20% of the total equity interest in DPCT.

The remaining shareholders will receive new stakes in the merged company.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Green Ship Technology North America

Survival of the fittest in maritime: Make smart investments, ensure you are compliant, future proof your fleet…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >

3RD ANNUAL GENERAL AVERAGE SEMINAR

ATTEND THIS SEMINAR TO:
– Get up to speed on the revisions to the York-Antwerp Rules 2016…

read more >