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January 25, 2018updated 28 Apr 2022 11:23am

Port of Zeebrugge and Cosco sign deal for CSP terminal

Belgium's Port of Zeebrugge has signed an agreement with China-based COSCO Shipping Ports regarding the concession terms of the CSP Zeebrugge Terminal.

Belgium’s Port of Zeebrugge has signed an agreement with China-based COSCO Shipping Ports regarding the concession terms of the CSP Zeebrugge Terminal.

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COSCO also entered a memorandum of understanding (MoU) with Marseille-based shipping firm and Ocean Alliance member CMA CGM Group during the signing ceremony, which was held in Brussels.

CMA has agreed to make an initial investment of 10% in CSP Zeebrugge as part of the MoU.

COSCO Shipping chairman Captain Xu Lirong said: “Being the major gateway port of Belgium and major hub port in Northwest Europe, Zeebrugge port plays an important role in sea transportation.

"The signing of concession terms with Port of Zeebrugge will further enhance the terminal services and deepen the bilateral trade relationships between the two countries."

“The signing of concession terms with Port of Zeebrugge will further enhance the terminal services and deepen the bilateral trade relationships between the two countries.

“Furthermore, we are discussing with Port of Zeebrugge about our cooperation of developing full logistics services on the terminal hinterland.

“I hope we will have developments soon to enhance the customer services.”

CSP is expected to assume control of the terminal and develop it into a gateway port of COSCO Shipping in Northwest Europe following the completion of the concession agreement.

Port of Zeebrugge managing director Joachim Coens said: “Zeebrugge port provides favourable coastal conditions to accommodate mega-vessels.

“Located in the outer port with strong infrastructure, CSP Zeebrugge is well equipped to provide efficient services to shipping companies.

“The staff are keen to embrace a new chapter of development.”

The terminal is equipped with easy transportation access in all directions and offers a network of road and rail connections to all Continental European nations, as well as different ports across Northwest, Central and Eastern Europe.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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