The Guangzhou municipal government has signed a memorandum of cooperation with AP Moeller-Maersk to strengthen their long-term cooperation on international container shipping business and on Guangzhou port's expansion, Xinhua reports.
Separately, Maersk Line has also signed an agreement with the Guangzhou Port Group on strengthening cooperation on the business in Nansha port area. According to the agreement, Guangzhou Port Group will provide Maersk Line with operation services in higher efficiency and security to cement the latter's client base in south and west China hinterland.
Nansha port area is the focus of Guangzhou port's future development. The port has already handled more than one million TEU this year. The world's top 20 carriers operate 40 services to Guangzhou's port facilities. Last year, it lifted 7.2 million TEU, nearly two million were foreign trade cargo.
Maersk Line is the largest carrier in the world with business volume accounting for 20 per cent of the world's total. APM Terminals, terminal operation arm of AP Moeller-Maersk, is one of the major shareholders of Nansha.
Separately, Maersk Line has also signed an agreement with the Guangzhou Port Group on strengthening cooperation on the business in Nansha port area. According to the agreement, Guangzhou Port Group will provide Maersk Line with operation services in higher efficiency and security to cement the latter's client base in south and west China hinterland.
Nansha port area is the focus of Guangzhou port's future development. The port has already handled more than one million TEU this year. The world's top 20 carriers operate 40 services to Guangzhou's port facilities. Last year, it lifted 7.2 million TEU, nearly two million were foreign trade cargo.
Maersk Line is the largest carrier in the world with business volume accounting for 20 per cent of the world's total. APM Terminals, terminal operation arm of AP Moeller-Maersk, is one of the major shareholders of Nansha.