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SITC teams up with Qingdao Port for overseas investment

Shanghai: Hong Kong-listed shipping firm SITC has announced that it has signed a strategic cooperation agreement with Qingdao Port International, the operator of Qingdao Port for a series of collaborations.

According to the agreement, Qingdao Port will support SITC’s sea freight logistics service and SITC will choose Qingdao Port as its preference choice for container loading and unloading. The two parties also committed to jointly participate in terminal, logistics and infrastructure investments and operations in Southeast Asia and mainland China, and explore cooperation projects in both overseas and domestic logistics markets, including ports and inland container depot, warehousing, shipping agency and port related ancillary services.

SITC currently operates 67 vessels including 32 self-owned vessles, and offering container shipping services between China and other Asia countries including Japan, Korea, Taiwan, Hong Kong, Vietnam, Thailand, Philippines, Cambodiaa, Indonesia, Singapore and Malaysia.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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