MAERSK AND NINGBO PORT SET UP $673M JOINT VENTURE

摘要

A.P. Moller-Maersk and China's Ningo Port Co. are setting out to expand Ningbo, the sixth largest port in the world, with a total investment of $673 million, according to a filing to the Shanghai Stock Exchange in June. Ningbo Port Group and APM Terminals will set up a joint venture to invest and operate berths 3, 4 and 5, creating a one-kilometer quay in Ningbo's Meishan Container Terminal, according to the statement.