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China's Anhui province launches port and shipping group

China’s eastern province Anhui has set up a new Anhui Port & Shipping Group to promote local port and shipping business.

Anhui Port & Shipping Group is 100% controlled by State-owned Assets Supervision and Administration Commission of Anhui Municipal Government. It will be engaged in port and shipping channel construction, port operation, sea and river transportation.

At the inauguration ceremony, the newly-established company signed strategy cooperation agreements with China Cosco Shipping, Shanghai International Port Group, Ningbo Zhoushan Port Company and Shanghai Combined Ports Office to actively participate in Shanghai combined ports and Yangtze river delta port development.

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Currently, there are 16 ports, over 1,400 shipping and ports companies in Anhui. The province had approved and established Anhui Port Operation Group in November this year to consolidate its port resources.

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