( – FocusAsia Media Ltd

Dalian port

DALIAN, Aug 7 (FAM) – Cosco Shipping Ports has entered into an agreement with Dalian Container Terminal to merge the three terminal operators at the Port of Dalian into one business entity.

After completion of the merger, Dalian Container Terminal Co, (DCT), as the surviving entity, will assume all assets, businesses, credits and debts of Dalian Port Container Terminal Co (DPCT) and Dalian International Container Terminal Co, (DICT). DPCT and DICT will be deregistered as legal entities and the current shareholders of DPCT and DICT will hold equity interests in DCT as the surviving entity, said Cosco Ports.