17.5 C
Hamburg
Monday, June 2, 2025
Home News Cargotec inks strategic deal with Chinese shipping investment group

Cargotec inks strategic deal with Chinese shipping investment group

Cargotec Corporation and its port business area, Kalmar, and Sichuan Port and Shipping Investment Group (SPSI) have signed a strategic agreement on 8 June to initially develop a land port, water port, logistics park, multi-mode transport and intelligent logistics integrated services.

SPSI Group handles a wide range of operations and investment management in infrastructure construction, logistics services and financing, energy and resource development. The Group’s terminal capacity reaches 2.7 million TEU in the Sichuan area accounting for 95% of the total container volume of Sichuan province.

The agreement is part of SPSI Group’s commitment to form a close cooperation mechanism with international partners and global leading companies, according to an announcement.

“We are looking forward to establishing long-term cooperation with Cargotec and Kalmar in cross-border logistics, smart ports, cargo handling, multimodal transport and comprehensive services. Together, we will be setting a benchmark in the field of smart ports and China-EU cooperation,” said Chongyong Zeng, Vice Chairman and General Manager of SPSI.

Mikael Laine, Senior Vice President, Strategy at Cargotec Corporation, commented, “The cooperation creates new prospects of development in the hinterland of southwest China. It will also build an important benchmark for cooperation in the field of smart ports, green technology and international logistics.”





Latest Posts

Atlantic Forwarding, Atlantic Gate unite under one brand

Atlantic Forwarding and Atlantic Gate unite under one global brand: Atlantic Gate. This rebranding brings together the two entities under one brand. “This rebranding is...

Nuclear-powered vessels gain momentum amid climate push

As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and...

Ukrainian ports face new risks after drone strikes on Russia

On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...

Mixed response to Suez Canal discounts

Container lines are mostly not ready to follow CMA CGM in dabbling with a Red Sea return, notwithstanding the Suez Canal Authority's (SCA's) discounts,...

Mersin International Port completes first phase of expansion project

Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...
error: Content is protected !!