China Merchants and COSCO move to exit Qingdao ore terminal

China Merchants Port and COSCO Shipping Ports are joining forces with IMC to sell a controlling stake in an iron ore terminal at China’s Qingdao port, setting a minimum price of CNY1.92bn ($287m). The three shareholders have launched a public tender for their combined 70% holding in Qingdao Port Dongjiakou Ore Terminal, according to Hong … Read full article →