Independent journal on economy and transport policy
10:16 GMT+1
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PSA strengthens the ties with the Tianjin Port (Group) Co.
Undersigned an agreement of strategic cooperation
May 18, 2012
Today terminalista group PSA International of Singapore has signed an agreement of strategic cooperation with the Tianjin Port (Group) Co. (TPG), Chinese public society that has the task to develop the port of Tianjin.
Currently PSA has in existence investments in two terminal of the Chinese port: the Tianjin Port Pacific International Container Terminal (TPCT), in joint venture with the Chinese Tianjin Port Holdings Co., and the Tianjin Port Alliance International Container Terminal (TACT), participated with 40% from Tianjin Port Development Holdings Ltd. (society controlled with 53.5% from Tianjin Port Group) and with 20% from the APM Terminals of shipowning group Danish A.P. Møller-Mærsk.
The TPCT, that it is the greatest container terminal of the port of Tianjin, has six total docks for 2,300 linear meters of approaches and a annual ability to traffic pairs to four million teu. Terminal TACT has six docks for a total of 1.100 linear meters and a annual ability to traffic of 1,85 million teu.
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