China Merchants See Containers Surge


Hong Kong-based China Merchants Holdings International (CMHI) saw container volumes surge by 8.7% from January to May, 2016, according to China Daily.

The company has been able to maintain steady growth despite the decline in Chinese imports and exports, as well as the slow recovery of the global economy.

Hu Jianhua, Executive Director of CMHI, said that it intends to participate in the Sri Lankan port development, namely, the construction of the Colombo Port district.

Technical Paper: The Journey of a Shipping Container

PTI previously reported that Sri Lanka had invited expression of interest in order to select a concessionaire for the development of the East Container Terminal at Colombo Port.

CMHI recently announced that it intends to invest in 10 overseas ports in Russia, West Africa and South East Asia in a bid to drive China’s One Belt, One Road strategy.

Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, recently attended China’s Belt and Road summit in which he called for greater cross-sector connectivity in order to realise significant trade potential.

Mr Bin Sulayem followed this request with a call-to-action that governments of the grand strategy need to work more closely together in order to address trading blocks and ultimately fill a US$5 trillion infrastructure gap.

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