Cosco acquires controlling stake of APM Terminal Zeebrugge

On September 11, Cosco Shipping Ports announced a deal acquiring a controlling stake of APM Terminals’ Zeebrugge container terminal. Though the $42 million acquisition the China state-owned company establishes a central European hub in the Port of Zeebrugge.

As of September, Cosco Shipping Ports holds the controlling share of the 1 million-TEU capacity Belgian terminal, investing in a port with sufficient capacity, a good maritime access, a high productivity, and a beneficial location.

Next to Cosco, the Shanghai International Ports Group was also involved in the deal approving a share purchase agreement to buy SIPG shares in the terminal.

We use cookies to give you the best online experience. Please let us know if you agree to all of these cookies.

Read more