NYK buys into KMCT

News-in-print

NYK Line and Nippon Container Terminals Co, another NYK Group subsidiary, are buying a 12.5% stake in Yang Ming’s Kao Ming Container Terminal (KMCT) in Kaohsiung.

Yang Ming has been looking for strategic partners interested in investing in KMCT for some time. In July last year, it sold a 10% stake in the terminal to Ports America and at the end of 2012, sold a further 30% interest to Cheer Dragon Investment Ltd, a Hong Kongbased joint venture formed by three Chinese companies – Cosco Pacific, China Shipping Terminal Development Co and China Merchants Holdings (International) Co.

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NYK buys into KMCT ‣ WorldCargo News

NYK buys into KMCT

News-in-print

NYK Line and Nippon Container Terminals Co, another NYK Group subsidiary, are buying a 12.5% stake in Yang Ming’s Kao Ming Container Terminal (KMCT) in Kaohsiung.

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