Shanghai Zhenhua Port Machinery Co gets $100m crane order

Shanghai Zhenhua Port Machinery Co will sign an agreement with Yang Ming Marine Transport Co soon to supply US$100 million worth of cranes to the Taiwanese shipper, Dow Jones reported.

The cranes will be installed at Kaohsiung port.

Shanghai is the world's biggest maker of cranes by production capacity. Yang Ming Marine is Taiwan's second-largest container shipping company by revenue after Evergreen Marine Corp.

Source: http://www.cargonewsasia.com