COSCO Pacific buys Taicang terminal stake from parent

Friday, January 25, 2013

The terminal operator COSCO Pacific (China) has agreed to acquire a stake in the Taicang International Container Terminal (TICT) from its parent company China Ocean Shipping Co. (COSCO). The deal will see COSCO transfer a 39.04 percent share to its terminal operating subsidiary. According to TICT’s Website, COSCO maintains a 45.9 percent share of the terminal, which is majority owned by Hong Kong-based Modern Terminals. Taicang is a terminal on the Yangtze River near ...

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