China Merchants terminal deals with CMA CGM stall amid ‘diplomatic’ tensions
Two of the terminals that CMA CGM planned to sell to its joint venture with China Merchants Port in the first half of the year are still pending regulatory approvals from the local authorities in India and Vietnam, according to the Chinese company
Territorial disputes between China and its two neighbours seem to be intensifying. But executives from state-controlled CMPort dismiss concerns about geopolitical risks and hope to complete transactions relating to two remaining terminals by the end of 2020
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