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Cosco Shipping Ports deal with French shipping line


Cosco Shipping Ports (CSP) announced that it had sold a 10 percent stake in its CSP Zeebrugge Terminal to French container transportation and shipping company CMA CGM Group's container terminals unit's CMA Terminal, industry website container-mag.com reported. 
 
The strategic cooperation will allow the CSP Zeebrugge Terminal to further develop into a major hub port in Northwest Europe, the report said. 
 
In November 2017, CSP completed the acquisition of the remaining 76 percent equity interest in Zeebrugge Terminal and made the port a wholly owned subsidiary. 
 
Sources:Global Times

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