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Strategic agreement

Dalian and Yingkou, merger in sight

by Port News Editorial Staff

Take another step forward and get even bigger than they were before.

This is why the Chinese ports of Dalian and Yingkou have decided to join forces and merge into a single port.

The two ports are located in the North Eastern province of Liaoning. Together they handle over 8 million TEU per year.

According to international media reports, Dalian Port Coperation Limited is planning to absorb Yingkou Port Liability Co through an equity swap agreement on the Shanghai Stock Exchange. The two companies are owned by the state giants Dalian Port Group and Yingkou Port Group respectively.

Both ports have been part of the Liaoning Port Group since January this year, in which China Merchants Group holds majority ownership with 51% of the shares.

Translation by Giles Foster

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