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Business

COSCO takes control of Belgian port

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2018-01-25 10:09:39Global Times Li Yan ECNS App Download

Chinese shipping conglomerate China Ocean Shipping Co (COSCO) has finalized an agreement to take control of the box terminal of the Port of Zeebrugge in Belgium, the State-owned Assets Supervision and Administration Commission (SASAC), said on Tuesday.

COSCO signed a concession agreement with the Zeebrugge Port Authority on Monday for the Chinese company to operate the box terminal at the port, which is the second-largest in Belgium, the SASAC said in a post on its official Weibo on Tuesday.

 

  

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