01MAR2019 - NEWS - Zhejiang Seaport Group inks strategic agreement with Shanghai International Port Group to jointly develop the Yangshan Port

Zhejiang Seaport Group has recently signed a strategic agreement with Shanghai International Port Group (SIPG) to jointly develop the Yangshan Port area. The agreement will see Zhejiang Seaport Group invest US$740m to acquire 20% equity shares in SIPG’s subsidiary Shanghai Shengdong International Container Terminal Company, the operator of Yangshan Port. The two groups will work together for the development of a new feeder container terminal in the north of Yangshan.

Published by Editor - www.Livebunkers.com at 01-Mar-2019 05:22:34 [UTC] , contact editor at editor@livebunkers.com