Cosco agrees terminal consolidation deal in southern China
The deal will see Cosco Shipping Ports become the second-largest shareholder of Guangxi Beibu Gulf Terminal — a significant container handling facility at the Beibu Gulf port complex, which is seen as a key logistics hub linking China and Southeast Asia
The capital boost will help the port consolidate its two large container terminals and add economies of scale benefits, says main operator Beibu Gulf Port Group
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