COSCO Shipping Ports and China Merchants Seek $287 Million for Qingdao Ore Terminal Stake

China Merchants Port, COSCO Shipping Ports and IMC are selling a combined 70% stake in Qingdao Port Dongjiakou Ore Terminal, with a minimum consideration of CNY1.92bn ($287m). The three shareholders launched a public tender for the holding, according to Hong Kong stock exchange disclosures cited by EIN Presswire.

The Qingdao Dongjiakou Stake Sale

China Merchants Port and COSCO Shipping Ports each hold 25% of the terminal company, while Singapore-based IMC owns another 20%. Qingdao Port International retains the remaining 30%. The stakes are being offered as a single package through the China Beijing Equity Exchange, with bidding open until November 11. The minimum consideration includes $102m apiece for the holdings of China Merchants and COSCO.

The terminal company is responsible for the construction, operation and management of iron ore handling facilities at Dongjiakou, one of Qingdao's main bulk cargo areas. Dongjiakou has been developed to accommodate some of the world's largest ore carriers. Its 400,000 dwt iron ore terminal entered service in 2013, giving the port the ability to receive very large ore carriers employed in trades between Brazil and China.

China Merchants Port said the proposed sale would allow it to realise the value of its investment and improve its financial flexibility. COSCO Shipping Ports separately described the disposal as part of its wider strategy to optimise resource allocation and support future business development. If completed, the transaction would see all three selling shareholders exit the terminal company, leaving the successful bidder with a majority holding alongside Qingdao Port International.

COSCO Shipping Ports at a Glance

COSCO Shipping Ports is a Hong Kong-listed global container terminal operator running majority- and minority-owned ports across China, Europe, the Americas, the Middle East and Africa, according to akta.pro company records. The company was founded in 2012 and is headquartered in Shanghai. Its revenue estimate is $1 billion-$5 billion, and its total funding stands at $206 million, with the last round in May 2022.

Earlier COSCO Shipping Ports Moves

In September 2026, COSCO Shipping Ports presented its TNFD-aligned nature-related assessment practices and low-carbon port initiatives at Hong Kong Green Week and ReThink HK, and its Hang Seng sustainability rating was upgraded to AA-, FinancialContent Business Page reported. In August 2026, the company reported first-half 2026 net profit of $233.7m, up 28.5%, on a 7.9% rise in throughput to 80.2m teu, according to Lloyd's List. In July 2026, COSCO Shipping Ports handled 61.3 million TEUs in the first half of 2026, an 8.2% increase year-on-year, Container News reported.

Bidding Deadline

The public tender through the China Beijing Equity Exchange remains open until November 11.