The MOU relates to the container terminal arms of both groups, APM Terminals and China Shipping Terminals, and enables collaboration on projects as joint venture partners. The two groups are already in cooperation as last March China Shipping Terminal bought a 24% stake in APM's ZeeBrugge.
Earlier this year China Shipping signed a similar but wider-ranging agreement with COSCO, covering terminal operations, shipping, logistics, shipbuilding and ship repair.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.  |
