On November 6, Ningbo Zhoushan Port Company's board approved taking part in two public auctions for stakes totalling 10.73 per cent in Xinda Resources. Xinda is the holding company of Brazil's Paranaguá Container Terminal (TCP).
The first stake is 8.91 per cent, offered by a China–Latin America Cooperation Fund vehicle. The second is 1.82 per cent, offered by CPD Port Investment.
Together they carry minimum prices of CNY1.112 billion ($156.5 million). The final price will be set through bidding on the Beijing equity exchange, where both listings run to November 12.
Zhejiang Seaport Singapore, a wholly owned subsidiary, would make the investment. It remains subject to the auction results and to approvals from Chinese authorities overseeing overseas investment.
China Merchants Port Holdings owns 77.45 per cent of Xinda. It has chosen not to exercise its first-refusal right over either stake and would retain control of the terminal.
Ningbo Zhoushan Port said the deal could bolster its network linking Asia and South America. Under the arrangement, TCP's reefer and value-added logistics services would be linked with the company's own automotive Ro-Ro and cross-border e-commerce businesses.
In its risk assessment, the company said TCP's "berth and yard utilisation are at relatively high levels, and room for business growth under existing capacity conditions is relatively limited."
TCP handled a record 835,000 TEU in the first half of 2026, up four per cent year-on-year, across 22 regular weekly services. A separate 25-year access-channel concession signed by DEME in March provides for deepening from 13.3 metres to 15.5 metres.
