Tuesday, July 3, 2007

China Merchants May Add Dry-Bulk Terminals as Coal, Iron Ore Demand Surges

(Bloomberg) -- China Merchants Holdings
(International) Co., the owner of stakes in the country's five
largest container ports, may invest in more dry-bulk terminals
because of surging Chinese imports of iron ore and coal.

``We are studying China's long-term needs for resources and
minerals to see if there is a shortage of bulk terminals,''
Chairman Fu Yuning, 50, said in a June 22 interview in Hong Kong.
The company is also planning to invest in more container
terminals both in China and overseas.


Read more at Bloomberg Emerging Markets News

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