Zhonggu Logistics, an affiliate of China's largest domestic liner operator Zhonggu Shipping Group, has purchased a 49% stake in Dongguan Container Terminal.
The company announced on 14 October 2020 that it had bought the share from Singapore-based terminal operator PSA International, without disclosing the price. Dongguan Port Group continues to own the remaining 51% stake in the terminal in Dongguan in China’s Guangdong province.
Zhonggu Logistics explained that the purchase will boost its partnership with Dongguan Port Group and deepen its ties with PSA International.
Located on the east coast of the Pearl River, surrounded by Guangzhou, Dongguan, Shenzhen, and Hong Kong, Dongguan Port caters to an export-oriented economy. The port has two container berths with a combined annual handling capacity of 1.7 million TEU.
In 2019, Dongguan Port’s container throughput exceeded its capacity, hitting 4 million TEU, ranking third among Guangdong’s coastal ports and 12th among coastal ports in China.