Company Overview of China Merchants Group Limited
China Merchants Group Limited, an industrial conglomerate, engages in transportation and related infrastructure, financial investment and management, and property development and management businesses in Hong Kong and internationally. It invests and manages public ports and container terminals, toll roads, bridges, and tunnels; operates a fleet of VLCC, LNG vessels, oil tankers, and bulk carriers; manufactures containers and vessels; trades and supplies marine transportation machinery; provides ship repair services; and offers third party logistics and warehousing services for Fortune 500 companies. The company also provides banking, securities, insurance and insurance brokerage, and fund an...
40/F. China Merchants Tower
Shun Tak Centre
168-200 Connaught Rd
Founded in 1872
Key Executives for China Merchants Group Limited
Deputy General Manager of Information Technology Department
Compensation as of Fiscal Year 2014.
China Merchants Group Limited Key Developments
Carnival Corporation and China Merchants Group Sign Memo of Understanding for Two Potential Joint Ventures to Help Expand the Cruise Industry in China
Jan 27 15
Carnival Corporation & plc signed a memorandum of understanding (MOU) with China Merchants Group (CMG) to explore the possibility of two joint ventures designed to accelerate the development and growth of the overall cruise industry in China. The MOU outlines a potential strategic partnership between Carnival Corporation and CMG that includes exploring two possible joint ventures in support of China's ambitions to grow the cruising industry in China and meet escalating demand for cruises amongst Chinese travelers: onShip-Owning Joint Venture: Carnival Corporation and CMG will explore a joint venture that would own and operate its own cruise ships as part of the first-ever domestic Chinese cruise line specifically targeted to the Chinese market. The joint venture would explore the possibility of sourcing new ships that are designed and built in China, along with the possibility of acquiring existing cruise ships; and onPort & Destination Development Joint Venture: In this potential joint venture, CMG and Carnival Corporation would collaborate to develop turnaround and transit ports within and around China beginning with a port currently being developed by CMG called Prince Bay Cruise Terminal in Shekou, which is located in Shenzhen. The partners would work to have cruise ships sail from this port, while also developing other cruise ship destinations across China and Northern Asia.
Hastings Funds Management Not to Bid For Asciano's Patrick
Nov 18 14
Hastings Funds Management Limited and China Merchants Group are signing a strategic partnership agreement with the investment arm of China Merchants Group Limited that will target deals up to $5 billion. However, Hastings Funds Management has denied any participation in bidding for Patrick Terminals and Logistics business of Asciano Limited (ASX:AIO) which is scheduled in 2015. Chief Executive Officer of Hastings Fund, Andrew Day said, "We're looking at core infrastructure opportunities, not corporate opportunities."
Vale S.A. and China Merchants Group, Signs a Framework Agreement for Strategic Cooperation in Iron Ore Shipping
Sep 26 14
Vale S.A. and China Merchants Group, signed in Beijing, a framework agreement for strategic cooperation in iron ore shipping. This agreement brings together a strategic cooperation between Vale and China Merchants. Vale and China Merchants agreed to enter a contract of affreightment for a period of 25 years which will be serviced by ten very large ore carriers to be built by China Merchants for the transportation of Vale's iron ore from Brazil to China.
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