Shanghai's Lin-gang Special Area Administration signed a cooperation agreement with London-based V.Group on Feb 17.

Chen Jinshan, director of the administration, said that Lin-gang Special Area aims to create a more open and innovative business environment and develop high-end shipping services such as transportation, finance, and insurance.

Lin-gang will work on expanding the application of electronic bills of lading, invoices, and letters of credit through global partnerships in the aviation and trade digital chain. Additionally, efforts will be made to lead in green development to enhance the efficiency of green energy transactions, according to Chen.

V.Group, headquartered in London, offers a wide range of ship management and marine support services to ship owners and operators around the globe.

The group has established multiple business entities in Lin-gang, involving shipping, sea transportation, and maritime services.

Leveraging Lin-gang's institutional innovations, these entities will offer high-level shipping services such as international ship management, advanced crew training, seafarer outsourcing, and ship supply services, contributing to the digital and green transformation of the shipping industry.

Source: Lin-gang Special Area