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Alliance to develop intermodal shipping system in Yangtze River Delta by 2020
THE Yangtze River Economic Belt Shipping Alliance in Shanghai has been set up by nine port groups and five shipping and logistics companies based in China.
The purpose of the alliance is to jointly develop and promote river-ocean shipping, intermodal shipping and vessel standardisation on the Yangtze River. The members of the alliance will also work together to tackle shipping-related issues and integrate shipping resources in the Yangtze River Economic Belt region.
The nine port operators are: Shanghai International Port Group (SIPG), Ningbo-Zhoushan Port Group, Nanjing Port Group, Wuhan Port Group, Chongqing Port Group, Wanjiang Logistics Group, Jiujiang Port Group, Chenglingji Port Group, and Yibin Port Group, Singapore's Splash 24/7 reported.
The five shipping and logistics companies are: Changjiang Shipping Corporation, SIPG Yangtze Ports Logistics, Shanghai PanAsia Shipping, Mingsheng Shipping, and Zhongcheng Shipping.
The alliance will also support the central government's plan to develop a complete intermodal shipping system on the Yangtze River by 2020.
In the meantime, five financial leasing companies - Bocomm Leasing, ICBC Leasing, CDB Leasing, Mingsheng Leasing and CMB Leasing - have established Yangtze River Economic Belt Financial Leasing Alliance.
The financial leasing alliance has agreed to provide a facility of up to CNY300 billion (US$44.35 billion) in total to support the development of the Yangtze River Economic Belt.
The purpose of the alliance is to jointly develop and promote river-ocean shipping, intermodal shipping and vessel standardisation on the Yangtze River. The members of the alliance will also work together to tackle shipping-related issues and integrate shipping resources in the Yangtze River Economic Belt region.
The nine port operators are: Shanghai International Port Group (SIPG), Ningbo-Zhoushan Port Group, Nanjing Port Group, Wuhan Port Group, Chongqing Port Group, Wanjiang Logistics Group, Jiujiang Port Group, Chenglingji Port Group, and Yibin Port Group, Singapore's Splash 24/7 reported.
The five shipping and logistics companies are: Changjiang Shipping Corporation, SIPG Yangtze Ports Logistics, Shanghai PanAsia Shipping, Mingsheng Shipping, and Zhongcheng Shipping.
The alliance will also support the central government's plan to develop a complete intermodal shipping system on the Yangtze River by 2020.
In the meantime, five financial leasing companies - Bocomm Leasing, ICBC Leasing, CDB Leasing, Mingsheng Leasing and CMB Leasing - have established Yangtze River Economic Belt Financial Leasing Alliance.
The financial leasing alliance has agreed to provide a facility of up to CNY300 billion (US$44.35 billion) in total to support the development of the Yangtze River Economic Belt.
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