Greater China

China Shipping signs Zeebrugge terminal development agreement

Shanghai: China Shipping Group announced that it has signed an agreement with APM Terminals, the ports arm of A.P. Moller-Maersk, in Brussels on the development of Zeebrugge terminal. China’s president Xi Jinping attended the signing ceremony.

China Shipping Terminal Development acquired 24% equity in Zeebrugge terminal from APM Terminals in 2013. According to the agreement, China Shipping Group and APM will negotiate the possibility to cooperate on other container terminal projects. [02/04/14]

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