New post-panamax crane contract for Zhen Hua Port Machinery

Maersk Sealand and the Shanghai Zhen Hua Port Machinery (ZHPM) have reached agreement on a big order for three post-panamax container cranes to be installed at Elizabeth Wharf in New York, reports Schednet.com.

The contract is worth an estimated US$16.8 million.

Similar orders are under negotiation with ZHPM which has, to date, acquired a total of $110 million worth of orders from the carrier.