PIL, Chinese port giant to bring Belt and Road to Africa, Asia

Pacific International Lines has signed a memorandum of understanding with China Merchant Port Holdings and China Machinery Engineering Corporation to develop new markets in Southeast Asia, South Asia, and Africa as part of the country’s Belt and Road trade strategy. The companies will jointly explore cold-chain logistics opportunities. The companies will establish a JV company in Singapore to develop container depots, inland transport, and total logistics solutions on Africa. PIL and CMEC will collaborate in joint shipbuilding, sub-leasing and vessels management in Africa.

Chinese companies accounted for 17 percent of infrastructure investment across Southeast Asia over 2015. Major Chinese-invested port projects in Southeast Asia include the expansion of Kuantan Port and phase one development of Samalaju Port, both in Malaysia, by Guanxi Beibu International Port Group and China Harbor Engineering Company. Tanjung Sauh Port on Batam Island in Indonesia is also being developed by China CAMC Engineering Company. A deep-sea port on Madae Island, Rakhine State, Myanmar, is being constructed by China National Petroleum Corporation.

(JOC)