New partnership to develop Yangshan Port

Yangshan Port Bruno Corpet (Quoique) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

Zhejiang Seaport Group has 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, reported Splash.

The two groups will work together for the development of a new feeder container terminal in the north of Yangshan.

SIPG handled 40.01m teu in 2018, making it once again the largest container port in the world.

The port has been facing congestion issues over the past few years and is making effort to solve the issue by increasing its handling capacity.

LATEST PRESS RELEASES

Port of Muuga strengthened with new ferry connection to Finlan

The Estonian terminal operator HHLA TK Estonia, a fully owned subsidiary of Hamburger Hafen und Logi... Read more

*** Welcome to ‘Terminal Automation for Everyone’ ***

We are extremely pleased and excited to be sharing this latest piece of news, that sees the formal p... Read more

*** Jacobs & Trent Partnership Announcement ***

Jacobs Engineering, a global leading provider of ports and maritime consulting and design services, ... Read more

Giant Donut Fender to protect lock entrance at the Port of Bremen

In May 2019, ShibataFenderTeam delivered a giant Donut Fender with an outer diameter of 4200mm and a... Read more

Powered by SAMSON The New Generation STORMAJOR®

The new, updated design promises to improve handling and stability in the loading and reception of a... Read more

Dellner Couplers Group acquired by EQT

We are pleased to announce that EQT has signed an agreement with Dellner’s current owners to acquire... Read more

View all