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Ningbo-Zhoushan Port to become largest comprehensive homeport

A strategic cooperation agreement was signed by Zhejiang Province and COSCO in Hangzhou on April 25, saying that the two parties will make joint efforts to promote the marine and port construction of Zhejiang Province and build the world-class port cluster.

According to the agreement, the two parties will strengthen cooperation in port operation and build Ningbo-Zhoushan Port the largest comprehensive homeport in the world, and strengthen the international cooperation to help local enterprises to participate in the "Belt and Road" construction. Cooperation will be made in port logistics by enhancing the logistic service capacity for the whole supply chain. The cooperation with the Zhejiang Free Trade Zone will be strengthened and the global allocation capacity of bulk commodity (esp. oil products) will be enhanced. Cooperation will also be made in shipping services to build an internationally first class comprehensive shipping service base. Finally, cooperation will be made in such fields as the new energy and high-end equipment manufacturing to promote the industrial transformation and upgrading of Zhejiang Province


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