The contracts were signed last week during the second Belt and Road Forum held in the Chinese capital Beijing.
The Chinese crane manufacturer inked a $500m contract with PSA that includes 28 quay cranes and 78 rubber-tyred gantry RTGs.
ZPMC is also setting up research branch in Singapore with PSA for a long-term globally cooperation between the two parties. The co-operation with PSA will not be limited to the regions of China and Singapore, we will explore cooperation opportunities in other countries, said Zhu Lianyu, chairman of ZPMC.
Read more: Shanghai Zhenhua Heavy Industries expands footprint in Fujian
Meanwhile ZPMC also signed a contract with MSC port operating company TIL that covers eight quay cranes, worth $80m in total. It is the first deal between ZPMC and TIL for its port in Israel.
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