Agreement for China Shipping to Operate in Sines to be signed in April

21 March 2007

Lisbon, Portugal, 21 March – The directors of the port of Sines in Portugal expect to sign in April and agreement for China Shipping Container Lines, the sixth largest container cargo operator, to start using the port’s facilities.

The chairwoman of the board of the Port of Sines, Lídia Sequeira, declined to give Macauhub further details saying that the whole negotiation process was being coordinated by the Secretariat for Transport, Public Works and Communications.

The Secretary of State for Transport, Ana Paula Vitorino, is due to travel to China in April and a protocol is expected to be signed on sea transport between the two countries.

The visit is also expected to be when the business agreement between the Port of Sines and China Shipping Container Lines will be signed.

The Port of Sines expects , along with Holland Mass and Maersk which have operated at the port since last year, that this year China Shipping and Mediterranean Shipping Company will begin using the port’s facilities.

The Port of Sines, which is a deepwater port and specializes in the transport of liquid and solid bulk cargo, liquid natural gas and container cargo, processes 43 percent of all the cargo at Portuguese ports.

According to information from the company, the port is also awaiting the conclusion, at the end of 2008, of Terminal XXI, which is the responsibility of the Port of Singapore, which will increase the amount of cargo processed from 250,000 TEU (twenty foot equivalent units) to 600,000 TEU.

China Shipping Container Lines, which is headquartered in Shanghai, is listed on the Hong Kong Stock Exchange. (macauhub)