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By David Badger
Pacific International Lines (PIL) this week signed a Memorandum of Understanding (MOU) with two major China state-owned enterprises: China Merchant Port and China Machinery Engineering Corporation. The MOU between PIL and CMPort will see both organisations prioritising each other as strategic partners to coordinate resource allocation and developing new markets through joint venture. This is expected to strengthen and deepen developments in regions including Africa, South Asia and South-east Asia. The partnership between PIL and CMEC will see deeper collaboration in shipbuilding and logistical services in the Africa region. Both organisations will operate through joint shipbuilding, sub-leasing and vessels management.