Cosco acquires stake in Turkish port through joint venture

A Chinese partnership that includes Cosco Pacific is now expanding in Europe by acquiring a stake in Turkey's Kumport Terminal.

BY JOHANNES HARTKOPF-MIKKELSEN

Through company Euro-Asia Oceangate, Chinese terminal operator Cosco Pacific has joined forces with China Merchants Holdings International (CMHI) and CIC Capital to acquire a stake in Turkish Kumport Terminal, the third-largest container terminal in Turkey, reports Seatrade Maritime.

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Cosco acquires stake in Turkish port through joint venture

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Government aid to Greek port is against EU rules

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

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Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

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UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs