Port of Zeebrugge, image (c) APM TerminalsFollowing the signing of an MOU last month, the A.P. Moller – Maersk Group is formally looking to expand discussions with China Shipping (Group) on the joint ownership of new container terminal projects in Europe.
The discussions are being looked at from an extremely high level as well. Attending the signing ceremony today in Belgium was the President of China, Xi Jinping, hosted by Belgian Prime Minister, Elio Di Rupo.
China Shipping (Group) operates China Shipping Terminal and China Container Shipping Lines and “is seeking to expand its European port network,” according to Maersk.
On March 8, 2013, China Shipping Terminal signed an MOU with APM Terminals Zeebrugge for a 24% stake in the deepwater, high productivity terminal. APM Terminals Zeebrugge remains the majority shareholder and operator of the terminal with a 51% share, Shanghai International Port Group (SIPG) has 25%.
A major accident occurred on Wednesday during the launch of a new North Korean warship while Kim Jong Un was attending the event, with the isolated state's leader calling it a "criminal act" that could not be tolerated, state media KCNA reported.
HONG KONG, May 22 (Reuters) – CK Hutchison confirmed on Thursday that Italian billionaire Gianluigi Aponte’s family-run MSC Mediterranean Shipping Company is the main investor in a group seeking to buy 43 ports from...
A hijack signal sent from a Panama-flagged petroleum products tanker off Iran was a false alarm, British maritime security firm Ambrey said on Wednesday.
May 21, 2025
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