CHINA United Lines has signed with Xinxinhai Shipping, Guangzhou port and Hainan port to develop an international shipping service, reports Colchester's Seatrade Maritime News.
The four parties will cooperate on business expansion, information sharing, technological innovation, operation and management for port and shipping sectors, said the report.
The signing of the agreement is considered a significant move for the companies to establish connection between Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan free trade port, as well as to further develop shipping services to Southeast Asia and India-Pakistan, according to China United Lines.
China United Lines launched a China-Vietnam SHX shipping service at Hainan's Yangpu port in late October, allowing the company to offer inter-continental container shipping service from Hainan.
Yangpu port operates over 30 container shipping services. The port posted 700,000 TEU container volume at the end of the third quarter this year, an increase of 40 per cent year on year, said the report.