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Xinhua Silk Road: China's Shanghai Port joins hands with Germany's Port of Hamburg on building green shipping corridor [Yahoo! Finance]

COSCO SHP HLDG UNSP/ADR (CICOY) 
NASDAQ:AMEX Investor Relations: coscointl.com/en_ir_ho.asp
Company Research Source: Yahoo! Finance
work together on building a green shipping corridor, aiming to promote green transformation of the two ports and sustainable development of the global shipping industry. A memorandum of understanding (MoU) was signed among Shanghai Municipal Transportation Commission, Hamburg Port Authority (HPA), COSCO Shipping Lines Co., Ltd. and Shanghai International Port (Group) Co., Ltd., all of which will work with technology and equipment manufacturers, energy suppliers, cargo owners, terminals and shipping companies to accelerate the decarbonization process. All parties are expected to advance their cooperation in various fields including development and use of shore power at the ports, infrastructure construction, preferential policies, information sharing and so on, according to the MoU. Far from being merely a matter between two ports, building green shipping corridors allows more related stakeholders to participate in the joint low-carbon efforts, according to Jens Meier , CEO of th Show less Read more
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