COSCO SHIPPING Tianjin, Guangxi Beibu Gulf Port Group, and the Port of Singapore Authority (PSA) attended the shareholder investment agreement signing event for Beigang New Energy Investment in Singapore on 3 April.
This is another significant step taken by COSCO SHIPPING to put into action the series of important agreements reached at the meeting of Singapore and China heads of state and to promote the green, low-carbon, and intelligent development of the New International Land-sea Trade Corridor between China and ASEAN.
Moreover, Beigang New Energy Investment has a registered capital of US$14.5 million. The joint venture will commit to the in-depth development of new energy projects in the Qinzhou Port Area and logistics park and the phased construction of distributed photovoltaic and distributed wind power projects.
While strengthening collaboration on the New International Land-Sea Trade Corridor’s supply chain management and digitalization, it will also collaborate in green ports, clean energy, and many other industries to achieve green, low-carbon, and intelligent growth, according to COSCO’s announcement.
