China Shipping weighs investment in Malaysian ports
A China Shipping Group subsidiary is in talks to buy a stake in or build new terminals at the Malaysian ports of Tanjung Pelepas or Westports.
Malaysia's New Straits Times quoted an official with China Shipping Terminal Development Co. Ltd. as saying it might acquire a 20 percent stake in one of the ports.
The paper noted that China Shipping has invested $200 million in other ports, mainly in China, but also in Los Angeles.
Other foreign companies are investors in Malaysian ports: A.P. Moller has a 30 percent stake in PTP, and Hutchison Whampoa has a 30 percent stake in Westports, according to the New Straits Times.