SIMIC

Creating a new trade channel between ASEAN and North America via Beibu Gulf, the new service comes at a time when container flows are shifting from the US West Coast to the US East Coast, reports London's Port Technology.

The announcement was made following the Pan-Beibu Gulf Economic Cooperation and 2022 Beibu Gulf International Gateway Port Cooperation Forum on July 8. The events were held in Nanning, Guangxi Zhuang Autonomous Region in a hybrid online and offline format.

Chairman of Cosco Shipping Wan Min was invited to attend the opening ceremony of the Forum and delivered a keynote speech entitled 'Promoting Economic Cooperation and Development and Working Together for Shared Benefit Opportunities toward a Better Future for the Pan-Beibu Gulf Region'.

Last month Cosco Shipping SPE signed an agreement to enter the blockchain-based Global Shipping Business Network (GSBN).

Beibu Gulf Port enjoyed a major surge on container throughput for 2021, processing more than 6 million TEU for the year.