Guangzhou and Maersk in container business tie-up

China’s Guangzhou municipal government has signed a memorandum of cooperation with AP Moller-Maersk on international container shipping business and on Guangzhou port’s expansion.

Maersk Line has also signed an agreement with the Guangzhou Port Group on reinforcing cooperation on the business in Nansha port area, it was reported. The agreement outlines that Guangzhou Port Group will provide Maersk Line with operation services in higher efficiency and security to strengthen the liner’s client base in south and west China hinterland. Nansha port has already handled more than one million teu of containers this year to date. Last year, the port moved some 7.2m teu. The world’s top 20 box carriers operate 40 services to Guangzhou’s port facilities. APM Terminals, the terminal operation arm of AP Moller-Maersk, is one of the shareholders of Nansha.
(Source:http://www.seatrade-asia.com)