China Merchants and COSCO move to exit Qingdao ore terminal - Splash247
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China Merchants Port and COSCO Shipping Ports are joining forces with IMC to sell a controlling stake in an iron ore terminal at China’s Qingdao port, setting a minimum price of CNY1.92bn ($287m). The three shareholders have launched a public tender for their combined 70% holding in Qingdao Port Dongjiakou Ore Terminal, according to Hong …

China Merchants Port and COSCO Shipping Ports are joining forces with IMC to sell a controlling stake in an iron ore terminal at China’s Qingdao port, setting a minimum price of CNY1.92bn ($287m). The three shareholders have launched a public tender for their combined 70% holding in Qingdao Port Dongjiakou Ore Terminal, according to Hong …

Country: China
Actor: China Merchants (shipping company); COSCO (shipping company); COSCO Shipping Ports (shipping company)
Category: Industry & regulation, Critical infrastructure
Source: Splash247 · 19 Oct 2026