CMHI, Dalian Port to Bolster Cooperation

China Merchants Holdings International (CMHI) and Dalian Port Group signed a strategic cooperation framework agreement on Friday, February 13th.

Under the deal, the two parties plan to explore opportunities for multi-level and multi-area cooperation, based on the core port-related business, as Dalian strives to become one of  North-East Asia maritime hubs.

The port has secured its place among top ten global ports in terms of handled capacity in 2014, having reached cargo throughput of 351 million tons, including container throughput of 10.01 million TEUs.

The port also welcomed mega container vessel Morten Maersk at Dayao Bay Container Terminal in 2014, proving its capacity to handle triple-E leviathans.

Earlier this month, Dalian Port revealed plans to issue bonds targeting to raise CNY 800m (USD 128m) from a three year offering of Renminbi denominated credit enhanced bonds.

The port said it plans to use the funds for refinancing and general working capital purposes.

Dalian operates eight business segments, including crude and chemical sector, container, dry bulk, vehicle, passenger and general cargo trades.

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