Alibaba.com, 6 May 2009, Reuters
SHANGHAI, May 6 - Singapore's PSA International and Wharf Holdings' container terminal unit have put on hold their multi-million dollar investment plans in container terminal projects in eastern China as the financial crisis hurts global trade, a Chinese port official said on Wednesday.
Modern Terminals, 68-percent owned by Hong Kong's Wharf Holdings, had initially agreed to build 9 container terminals as part of the Ningbo-Zhoushan Port expansion, an official with the port's administrative commission, told Reuters.
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