China's port operators harbour global ambitions

China’s port operators look set to either consolidate or expand overseas as the country adapts to a slowdown in trade and overcapacity in the sector.

The port complex of Zhoushan on China’s largest archipelago has long been lumped together for statistical purposes with Ningbo on the mainland. However, it’s just over a month since the two rival neighbours finally merged, illustrating a sea change in the Chinese shipping and ports sector as the state step up its efforts to tackle overcapacity and overhaul the bloated state-owned sector. 

Located at the southern end of Hangzhou Bay, which borders Shanghai to the north, Zhoushan Port completed its merger with Ningbo Port on September 29 to create the world’s busiest port group by cargo tonnage, with a combined throughput last year of 873 million metric tons....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222