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Cosco Shipping Signs $738 Million Deal to Expand U.A.E. Port

  By Mahmoud Habboush   (Bloomberg) — Cosco Shipping Co., a unit of China’s biggest shipping group, agreed to build and operate a new container terminal in Abu Dhabi, securing a foothold in the Gulf with a $738 million deal that would more than double cargo-handling capacity at Khalifa port.The company signed an accord with state-run Abu Dhabi Ports […] The post Cosco Shipping Signs $738 Million Deal to Expand U.
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