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Baltic Container Terminal signed MOC with China Merchants Group

Logistic News - Published on Thu, 01 Aug 2019

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“Baltic Container Terminal”, the largest container terminal of the port of Riga, signed a memorandum of cooperation with the Chinese holding company “China Merchants Group” while taking part in the Belt & Road Forum for Regional Cooperation and Development “Great Stone Industrial Park - Global Opportunities” in Minsk. The memorandum envisages cooperation by promoting container cargo shipments between China’s Great Stone industrial park in Belarus and the “Baltic Container Terminal”. For the port of Riga, this means an opportunity to increase container transhipment volumes and to demonstrate its competitiveness with respect to the port of Klaipeda, which can be considered the fiercest competitor within the framework of this project, says press center of the port of Riga. CMG is an investor and terminal operator of international importance that owns 30 ports in 16 countries.

One of the current projects of CMG is the construction and development of Great Stone an industrial park and logistics centre in Belarus, near Minsk. High-quality and effective logistics play an important role in reaching the goals of Chinese businessmen to turn Great Stone into a profitable Chinese distribution centre. As Belarus does not have sea ports of its own, cargo transportation has been envisaged through Lithuanian and Latvian ports.

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Posted By : Mohan Sharma on Thu, 01 Aug 2019
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