Maersk and Guangdong Yudean set up China tug joint venture
Guangdong Yudean Shipping, the shipping unit of state run power company Guangdong Yudean Group, has announced that it has signed a framework agreement with Maersk Group to jointly operate a tug business in Guangdong.
China Shipping to invest $3.1bn in Guangdong projects
China Shipping Group plans to invest more than CNY20 billion (US$3.1 billion) on navigation, terminal and shipbuilding projects in Guangdong province, Xinhua reports. According to the heads of agreement signed between China Shipping and Guangdong government, the group plans to position the province as a base for its shipping and logistics business. The two parties will deepen their cooperation in shipping, port and terminal administration, logistics, shipbuilding and finance while Guangdong will endeavour to provide an ideal investment environment.Upload News