Shanghai: China has signed an agreement with Malaysia to establish a sister port partnership between two major shipping cities.
Under the agreement, China’s Qinzhou Port has become a sister port of Kuantan Port in Malaysia.
The two ports will cooperate in various fields including shared shipping lanes, logistics, information exchange and talent training.
According to Li Xinyuan, mayor of Qinzhou City, the sister partnership between the two ports is part of a plan to establish a network of cooperation among port cities in ASEAN countries.
China and Malaysia have been developing sister industrial parks in Qinzhou and Kuantan respectively since 2011. A Chinese port developer holds a 40% stake in a boxport at Kuantan. [16/09/14]
Guangxi Beibu buys 40% stake in Malaysian port