Hong Kong: Hutchison Ports Holdings and AP MollerMaersk Group are to take a majority stake in the Pearl River Delta's Dachan Bay Phase II container terminal, giving Hutchison its first foothold on Shenzhen's west bank, according to a report in the South China Morning Post.
An HPH spokesperson in Hong Kong declined to confirm the veracity of the news to Seatrade Asia Online. HPH has built up a very strong terminal to the east of Shenzhen, at Yantian but since 2005 the strongest growth in the PRD has come from the west of Shenzhen, an area dominated by China Merchants Holdings.
Dachan Phase I, run by Modern Terminals, is due to start operating at the end of this year. The site is likely to become the natural maritime artery for Dongguan, the third largest exporting city in China. [16/04/07]
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