Cosco Shipping Ports trims portfolio in Yangtze Delta
Group recycles capital to improve asset quality, optimise its domestic terminal portfolio and improve operating efficiency. This means selling port assets with relatively small throughput and profits, such as Nanjing Longtan Terminal, Yangzhou Yuanyang Terminal and Zhangjiagang Terminal
In what appears to be a revamp of its Yangtze River Delta portfolio, Cosco Shipping Ports is also looking to sell a container terminal at Taicang and the Jiangsu Petrochemical Terminal