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%.
China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump's tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars.
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents.
Russia’s Arctic liquefied natural gas plant appears to have flared fuel last week, satellite images show, a move that could indicate the restart of a sanctioned export facility that has effectively been shuttered since last October.
April 1, 2025
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