Another terminal sale follows CMA CGM’s recent divestment of half its Terminal Link subsidiary. This time, it’s DP World looking to shore up its finances, with the sale of stakes in a logistics centre and two Hong Kong container terminals. At a price of $742m, Australian warehouse operator Goodman Group is the lucky buyer. But it doesn’t stop there. Hutchison Port Holdings has snapped up DP World’s 55% stake in Asia Container Terminal too, in its bid to own ACT outright.
By Alex Lennane