Shanghai Port Group joins APM Terminals in Zeebrugge, Belgium
APM Terminals International, based in The Hague, Netherlands, and Shanghai International Port Group (SIPG) signed a framework agreement related to the Zeebrugge facility. The agreement represents a share transactions equal to 40%, however further details were not disclosed.
The agreement reflects the Dutch-based container terminal operator’s growing partnership with SIPG, considered the largest port operator in China with port interest in Shanghai and container terminals and logistics facilities along the Yangtze River in Nanjing, Wuhan and Chongqing.
AMP Terminals Zeebrugge received its first vessel on May 9th, 2006 and is ideally-located to serve the Central Europe markets of Belgium and France with quick assess to inland markets. The terminal is a common user facility open to all container shipping lines and offers container lines to access to the main shipping lines. The Zeebrugge facility is a state-of-the art terminal ready to expand to meet the market growth.
AMP Terminals partnership with SIPG dates back to December 2003 when the Joint Venture Contract of Shanghai East Container Terminal (SECT) was signed. The terminal, with a 1250 meter quay, is located in Wai Gao Qiao area along the southern bank of the Yangtze River. SECT throughput reached a record of 1 million TEUs during the first year of operation
Shanghai Port Group is China’s leading port group. The 2005 total throughput of SIPG was 268 million tons, with container throughput reaching 18?08 million TEUs. Shanghai was the third largest container port in the world in 2005.