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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