Thursday, July 23, 2015

China Shipping and COSCO poised to sign deals with Cambodian port

Two Chinese shipping giants are likely to sign agreements with Cambodia's Sihanoukville Autonomous Port (SAP), allowing exporters to move cargo directly from Cambodia to China, a local newspaper reported Wednesday, citing a senior port official.

Lou Kimchhun, director general of SAP, said that a rise in the Cambodia’s exports drew the attention of Chinese shipping giants, according to the Phnom Penh Post.

China Shipping Container Lines and COSCO are

among the largest shipping firms that ship from Cambodia, collectively shipping more than 1.2 million TEUs per year.

Once the agreements are reached, the two shipping lines will be the first to link Cambodia directly with the world's second- largest economy, avoiding the stopover at Vietnam's Cai Mep port in shipping, according to Kimchhun.

For more of the Shanghai Daily story: www.shanghaidaily.com


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