Shanghai: China Shipping Terminal Development Co., Ltd, the terminal arm of China Shipping Group, has unveiled plans to buy a 24% share of the APM Terminals Zeebrugge container terminal in Belgium.
Due to the weak growth prospects within the domestic market, China Shipping Container Lines, parent of the terminal company is actively looking for overseas expansion opportunities. The terminal company has revealed it will take a stake in the terminal later this week, but has not given more details on it yet. [15/03/13]
