COSCO Shipping Ports will yield to CMA CGM 10% of the capital of own container terminal in the port of Zeebrugge



Yesterday to Brussels the COSCO Shipping Ports (CSP) has signed with the Harbour Authority of Zeebrugge the concession contract through which the terminalista society of shipowning group Chinese COSCO Shipping will manage the container terminal of the CSP Zeebrugge Terminal (CSP Zeebrugge), enterprise previously called APM Terminals Zeebrugge and renamed after recently COSCO Shipping Ports has acquired the entire share capital of the company buying the quota stopped 76% from Dutch APM Terminals, the terminalista society of shipowning group Danish A.P. Møller-Mærsk(of the September 11 2017).

Contextually COSCO Shipping Ports has undersigned a memorandum of understanding with the French shipowning group CMA CGM based on which this last one will carry out an initial investment in order to acquire 10% of the capital of the CSP Zeebrugge.

"With the signature of the contract of concession with the Port of Zeebrugge - the president of shipowning group COSCO Shipping has declared, Xu Lirong, in the course of the ceremony - CSP will assume the control of the CSP Zeebrugge Terminal and it will develop it in order to make of a port gateway of COSCO Shipping in Europe northwest atlantic". "There are - it has explained the vice president and managing director of COSCO Shipping Ports, Zhang Wei - many reasons for which we choose Zeebrugge as our first port gateway in Europe northwest atlantic: with its positions favorable and the depth of the backdrops, it offers the ideal conditions for mega the ships. We have in program to not only develop CSP Zeebrugge in order to make of crossroads of the marine routes, but also in order to return it a primary platform logistic in order to serve continental Europe and the British islands. With this program we will work to tightened contact with the Port of Zeebrugge on Maritime the Logistic Zones. Moreover - he has added Wei - we are pleased of having CMA as partner. With the collaboration of CMA we are trusting not only of being able to offer services, but also to pick the economic opportunities that will be introduced in the region of the port of Zeebrugge".

The vice Belgian Prime Minister and minister of the Job, Kris Peeters, have announced that in the first nine months of the 2017 Belgian exports towards China they have recorded an increment of +20% going up to a total value of six billions of euro. "China - it has emphasized number two of the Belgian government - is becoming a more and more important commercial partner. Last year - it has remembered - the opening of a railway connection directed between the port and the city of Daqing, in China, has already evidenced this fact(on June 6, 2017, ndr). The confirmation of the presence of COSCO Shipping to Zeebrugge contributes to strengthen the commercial exchanges between Belgium and China and the role of the port of Zeebrugge in the international context".