Singapore’s Pan-United Corporation Limited (PUCL) has bought a 90 per cent stake in the Changshu Changjiang International Port (CCIP). The deal, made through PUCL’s subsidiary, Changshu Xinghua Port (CXP), is worth RMB 436.5 million. Changshu Binjiang Urban Construction Investment and Management will retain the remaining 10 per cent. CCIP, operational since November 2012, is located next to CXP. With this deal, CCIP’s overall handling capacity will rise by 60 per cent to 16 mtpa and its berth length will increase from 1.7 km to 2.8 km. Further, the total available land and warehousing space will also expand by 35 per cent and 67 per cent to 1.36 square km and 175,000 square metres, respectively. The major commodities handled at CXP include pulp, logs, and finished steel products.
