Marine Link
Monday, November 19, 2018

Dalian Port Merges Container Terminal Facilities

Maritime Activity Reports, Inc.

August 4, 2017

Photo: Dalian Free Trade Zone

Photo: Dalian Free Trade Zone

 China's Dalian Port (PDA) Company  announced 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).

 
"Dalian Port Container entered into the Equity Transfer Agreement with the Vendor, pursuant to which the Vendor conditionally agreed to sell, and Dalian Port Container conditionally agreed to purchase the Sale Shares, representing 20% of the total equity interest in the Target Company, at a consideration of US$18,000,000 in cash," said a statement.
 
Prior to the Acquisition, Dalian Port Container and the Vendor were both shareholders of the Target Company. The Vendor will cease to be a shareholder of the Target Company mmediately upon the completion of the Acquisition.
 
The Group is principally engaged in the following businesses: (1) oil/liquefied chemicals terminal and related logistics services; (2) container terminal and related logistics services; (3) automobile terminal and related logistics and trading services; (4) ore terminal and related logistics services; (5) general cargo terminal and related logistics and trading services; (6) bulk grain terminal and related logistics and trading services; (7) passenger and roll-on, roll-off terminal and related logistics services; and (8) port value-added services and ancillary port operations.
 
Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News