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%.
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The United States and the European Union agreed on a framework trade deal, which leaders on both sides of the Atlantic said would end months of uncertainty for industries and consumers.
CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalized anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.
An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort.
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