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AP Moller-Maersk and China Shipping sign box terminal MOU

AP Moller-Maersk and China Shipping sign box terminal MOU
The president of China, Xi Jinping, bore witness to the signing of a memorandum of understanding (MOU) on container terminals between AP Moller-Maersk and China Shipping (Group) in Brussels.

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.