Hu Jianhua News

Sri Lanka’s government on Saturday signed a long-delayed agreement to sell a 70% stake in a USD 1.5-billion port to China in a bid to recover from the heavy burden of repaying a Chinese loan obtained to build the facility, report local media. After 10 years of negotiations, China Merchants Port Holdings has signed the agreement with the Sri Lanka Ports Authority to develop the Hambantota Port in southern Sri Lanka. According to the agreement, which is described as "a win-win situation for both countries". the Chinese firm will run the workings of the newly constructed port over a 99-year lease. The Port of Hambantota is located on the…

The newly-opened $500 million Chinese-built Colombo terminal is situated about mid-way on the important East/West shipping route and is claimed to have facilities on a par with Singapore and Dubai. The Colombo International Container Terminal (CICT), which is 85 per cent owned by the state-run China Merchant Holdings International, is designed to handle mega ships -- a first for Sri Lanka which is aiming to become the region's shipping hub. His Excellency, Mahinda Rajapakse, the President of the Democratic Socialist Republic of Sri Lanka and Mr.

China Merchant Holdings International (CMHI) subsidiary Colombo International Container Terminals (CICT) put the new terminal into trial operation mode with the arrival of the first ship to dock there, the 'M/V Coromandel'. CMHI owns an 85% interest in CICT, there will be altogether 4 berths and a quay length of 1200 meters, with a designed handling capacity of 2.4 million TEU, the first phase project covers 400 meters quay length. To celebrate the occasion, a blessing ceremony was performed at CICT berth site. CMG Assistant President cum CMHI Managing Director Dr.

China Merchants Holdings (International) Company recently held its AGM in Hong Kong and the Vice-Chairman predicted figures in the company's container terminal operation interests. The Company's Vice Chairman Li Jianhong, Managing Director Hu Jianhua, Deputy Managing Director Zheng Shaoping and Deputy General Manager & CFO Zhang Rizhong were interviewed by journalists after the AGM. Mr. Li Jianhong said: "This year from January to May, the company's container throughput growth is higher in north than south. The Mainland China and overseas overall growth is 9.2%.

China Merchants Holdings (International) announce completed acquisition of a 49% stake in container port operators Terminal Link from CMA CGM. "The smooth completion of this transaction,"China Merchants Group Assistant President & CMHI Managing Director Dr Hu Jianhua indicates," reflects the recognition and consent to the transaction from the governments from whose regulatory units consents and approvals were obtained. "The smooth completion of this transaction,"China Merchants Group Assistant President & CMHI Managing Director Dr Hu Jianhua indicates…