Subscribe to RSS feedChina ports assets swap on cards
by
Jim Wilson
—
last modified
Jul 23, 2009 04:37 PM
GUANGDONG provincial government-owned port and shipping conglomerate Chu Kong Shipping Development is looking to purchase its parent group’s port assets in a bid to revive its business.
Hit by the global financial crisis, the company’s ports’ monthly throughput has seen a double-digit decline over the past two months. Container-handling volumes slid 23.6% year on year to 49,073 teu in May, while bulk cargoes plummeted 42.8% to 66,137...
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