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2008 January 29   13:22

CMA CGM plans entry into shipping market in China

CMA CGM, a French shipping company, prepares to invest in a container terminal at phase three of North Basin of Tianjin Port in China.
The group plans to set up three container berths at phase three through a joint venture formed with Tianjin Port and a third party.
Modern port facilities make China a preferred location for international transit. The investment will establish a network connecting the east, south and north of China. Besides, the group awaits an approval on joint construction works of phase three of Yangshan Port in Shanghai city at present.

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