GUANGZHOU Port Group has signed a strategic cooperation heads of agreement with government of Maoming, a city in southwestern Guangdong province, on multiple port projects including building a 300,000-tonne terminal, Xinhua reports.
    The two parties also agree on developing Maoming into a regional shipping and logistics hub for trade between hinterland China and ASEAN countries.
    Maoming is speeding up the development of the 1,688-square-kilometre "New Coastal Area" approved by Guangdong province government. The area is planned to become the locomotive of local economy.
    Maoming has ideal conditions for building deepwater ports and is well-developed in petro-chemical industry. The new port area it is now developing will be mainly for petroleum, gas, and containers.

(source:shipping online)