EnCOSCO Shipping Ports will merge its container port operations at Dalian with those of PSA International and NYK among others. The combined entity will be jointly owned with equity capital of $517 million. Action to improve operations was needed – total handling at the port increased by less than 1% in the second quarter, compared to a 11% climb nationally. COSCO’s assets had been doing better, but still only increased by 6%. The others’ assets likely fell by around 9% in total.
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