Danish shipping giant AP Møller has finalised its joint venture with Shanghai International Port Group (SIPG) to operate phase four of the Waigaoqiao container terminal in Pudong.
SIPG has taken a 51 per cent equity stake and APM Terminals 49 per cent in the Shanghai East Container Terminal, which is designed to handle 3 mill TEU a year with 14 cranes along the 1.5-km quayline. The four-berth terminal began operations in February 2003 under a temporary management arrangement....
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This complete item is approximately 250 words in length, and appeared in the January 2004 issue of WorldCargo News, on page 4.
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