Shanghai: As part of the city’s maritime aspirations Shanghai will form a shipping insurance association before the end of the year.
“The association will attract more domestic insurance companies and international players to expand their footprint in Shanghai,” Gan Aiping, a professor at Shanghai Maritime University, told China Daily.
Around a dozen shipping insurance companies have been set up in Shanghai recently, and plans are afoot to open up in the new free trade zone soon. [20/11/13]
