Shanghai: Xiamen International Port has announced the formation of a new container jv company.

The jv sees many parties involved including 52.9% by the port, 14.29% by XPHG (Xiamen Port Holding Group), 13.8% by NWXP (New World Xiamen Port Investment), 8.53% by Xiangyu Logistics, 7.82% by Xiamen ITG, 1.61% by Pointer Investment and 0.55% by XPL (Xiamen Port Logistics) respectively.

Xiamen Container Terminal Group is the name of the new business.

Xiamen, located near Taiwan, is one of China’s fastest growing ports.