Malta Freeport Terminals recently welcomed delegations from China Merchants Group (CMG) and China Merchants Port Holdings (CMPort). The CMG delegation was led by Mr. Jianhong LI, Chairman of CM and by Mr. Xiaoyuan HONG, Assistant President of CMG cum and Chairman of China Merchants Finance Holdings whilst other delegates included Mr. Yadong LI, General Manager, General Office of CMG; Mr. Xing ZHOU, PA to Chairman of CMG and Ms. Xiu GUO, Division Chief Foreign Affairs, General Office of CMG. The delegation of CMPort was led by Mr. Jingtao BAI, Managing Director of CMPort. Other delegates included Mr. Kong YIM, Deputy General Manager of CMPort; Mr. Li QIAN, Deputy General Manager, Administration Department of CMPort and Ms. Susan WU (Shi), Chief Financial Officer of Terminal Link.
The delegation was welcomed at Malta Freeport by Mr Alex Montebello, CEO of Malta Freeport Terminals, Mr Christophe Cassang, Chief Operating Officer and Dr Duncan Borg Myatt, Director HR, Health & Safety, Quality. The visit commenced with a tour of the Container Terminals whereby the delegates viewed the mainline operations at Terminal Two North Quay and then proceeded to the Freeport Centre, for a presentation.
Outline: Terminal Link
Terminal Link, which controls 50% of Malta Freeport Terminals’ shareholder, is a key player in its capacity as an international container operator and investor renowned for its operational efficiency and intelligent terminal management across the globe. The Company has acquired strong experience servicing the world’s largest and most renowned shipping companies. Currently Terminal Link operates Terminals in 12 ports in 7 countries as following: USA (Houston, Miami); Belgium (Antwerp); France (Dunkirk, Le Havre, Nantes Saint-Nazaire, Marseilles Fos); Malta (Malta Freeport Terminals); Morocco (Casablanca, Tangier); Cote d’Ivoire (Abidjan) and South Korea (Busan). Malta Freeport Terminals is the flagship Port of Terminal Link.
Since 2013, Terminal Link’s capital is held by CMA CGM (51%) and by China Merchants Holdings International Company Limited (CMHI) (49%). CMHI changed its name to China Merchants Port Holdings Company Limited (CMPort) in June 2016.
Overview: China Merchants Port Holdings Company Limited (CMPort)
CMPort was listed on the Hong Kong Stock Exchange in 1992, as the first mainland red chip enterprise to be listed in Hong Kong. CMPort’s parent company is China Merchants Group (CMG)
CMPort is the largest public port operator in China with investments in Mainland China, Hong Kong and overseas. Its nationwide port network expands across the Bohai Economic Zone, the Yangtze River Delta, the Xiamen Bay Economic Zone, the Pearl River Delta, and the Southwest region.
In addition to the container terminal business, CMPort is also proactively developing value-added marine logistics services relating to the port industry.
Overview: China Merchants Group
China Merchants Group (CMG) is a leading state-owned conglomerate based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. CMG is well-known both in and out of China for its rich history and business strength. By the end of 2016, the company had the total assets under management of 6.9 trillion RMB. The company's profits hit a record high since 2015, with a revenue of 505.3 billion RMB, the total profit registered in this year was of 111.28 billion RMB.
CMG actively participates in the national strategy "The Belt and Road", owning 31 ports in 18 countries and districts. In 2015, the company's container throughput reached 83.35 million TEU (61.32 million TEU on mainland, occupying 30% of China market share). The throughput of bulk cargoes reached 353 million tons.
Shipping industry is the traditional industry of CMG. By the end of 2015, the company owned a world-class super oil tanker fleet that is constituted by 34 VLCC and a hand-held order of 19 VLCC. CMG also owns the largest fleet of VLOC and LNG, with total capacity of 28.33 million tons.
Back to Overview