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Cosco buys into two box terminals in Laem Chabang, and now eyes Santos
Summary by The Loadstar
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Cosco buys into two box terminals in Laem Chabang, and now eyes Santos
Chinese carrier Cosco’s international port ambitions took another step forward when it recently completed its acquisition of minority stakes in two Hutchison terminals in the Thai container gateway of Laem Chabang. In a deal announced in October last year – some five months before the combined BlackRock-TiL bid for Hutchison Port Holdings’ international portfolio was unveiled – Cosco has now completed the purchase of a 12.5% stake in Hutchison’s…
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