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LBC Tank Terminals

LBC Tank Terminals announced today that it has divested its interest in the Shanghai Terminal

4 July 2019

LBC Tank Terminals announced today that it has agreed to divest its interest in their Shanghai Terminal.

The joint venture partner Cosco Shipping will acquire all LBC shares with an effective date of 12th June 2019. The sale is subject to government approval.

This divestment will allow LBC to focus on the extensive expansion projects currently underway in Europe and the USA as well as several other potential projects in the LBC expansion portfolio.

LBC wishes to thank the local Shanghai team and wish them all the best for the future.