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Maersk Logistics sets up JV with Shanghai Tie Yang Multimodal in Suzhou
POSTED: 8:45 a.m. EDT, August 15,2007
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The Suzhou Daily reports that Maersk Logistics has signed a deal with Shanghai Tie Yang Multimodal Transportation Co., to set up Suzhou Tie Yang Multimodal Transportation Co.
The joint venture will reportedly have a registered capital of CNY30 million (US$3.9 million) and an annual transport capacity of 54,000 TEU.
Shanghai Tie Yang Multimodal Transportation Co. is a joint venture of China Railway Container Transport Co, Shanghai Railway Bureau Container Transportation Company and AP Moller-Maersk.
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