# Ningbo Zhoushan Port targets stake in Brazilian container terminal

- **Source:** https://pelavox.com/ningbo-zhoushan-port-brazil-terminal-stake/
- **Publisher:** pelavox. (The voice of shipping)
- **Author:** Jason Nicholson
- **Published:** 2026-11-08T19:00:00+00:00
- **Updated:** 2026-11-08T11:11:11+00:00
- **Section:** Ports
- **Type:** News
- **Topics:** Ningbo Zhoushan Port, Port Investments, Port of Paranaguá, TCP Participações, Xinda Resources

China’s Ningbo Zhoushan Port has approved plans to acquire an indirect minority stake in a major Brazilian container terminal operator, as part of its strategy to expand its international port network and strengthen shipping connections between Asia and South America.

According to a stock exchange filing dated November 7, 2026, the company intends to participate in a public bidding process through its wholly owned subsidiary, Zhejiang Seaport (Singapore) Pte. Ltd., to acquire a combined 10.73% interest in Xinda Resources Limited.

Xinda is an investment holding company whose principal underlying asset is TCP Participações, the operator of a container terminal at the Port of Paranaguá in southern Brazil. If the transaction is completed, Ningbo Zhoushan Port would obtain an indirect 10.73% interest in TCP.

The proposed acquisition covers an 8.91% stake offered by ZLCFH-Cayman International Investment Cooperation Limited and a further 1.82% stake offered by CPD Port Investment Co., Limited. The two holdings are being offered through the Beijing Equity Exchange, with combined starting prices of approximately RMB 1.11 billion.

## Expanding connections between China and Brazil

The TCP terminal is described in the filing as Brazil’s second-largest individual container terminal and the only dedicated container terminal in Paraná state. It handled approximately 1.66 million TEU in 2025, representing growth of 6.7% compared with the previous year.

The terminal benefits from direct rail access and serves an extensive economic hinterland in Brazil. Ningbo Zhoushan Port expects the proposed investment to support closer cooperation on Asia–South America shipping services and improve logistics connections for exporters in China’s Yangtze River Delta region.

The company also identified potential opportunities to develop supply chain services involving refrigerated containers, automotive logistics and cross-border e-commerce, drawing on TCP’s existing terminal and logistics capabilities.

China Merchants Port Holdings currently owns 77.45% of Xinda and would remain its controlling shareholder following the proposed transaction. Ningbo Zhoushan Port classified the investment as a related-party transaction because of the existing ownership links between the two groups.

The company’s board approved participation in the bidding process on November 6, with the final purchase price to be determined under the Beijing Equity Exchange’s procedures.

The transaction remains subject to a successful bid and relevant regulatory approvals, including Chinese overseas investment requirements. Ningbo Zhoushan Port also identified capacity constraints, congestion pressures and Brazilian regulatory compliance requirements among the risks associated with the investment.

If completed, the acquisition would give Ningbo Zhoushan Port a minority financial interest in an established South American container terminal, providing a platform for further commercial cooperation without transferring operational control of TCP.

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Cite as: "Ningbo Zhoushan Port targets stake in Brazilian container terminal", pelavox., 8 November 2026, https://pelavox.com/ningbo-zhoushan-port-brazil-terminal-stake/