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First Chinese ship under CPEC project anchors at Gwadar Port docked on May 16th,2016

May 16 ,2016 Source: http://defence.pk/threads/first-chinese-ship-under-cpec-project-anchors-at-gwadar-port.431094/

The first Chinese ship under the Pak-China Economic Corridor (CPEC) project has anchored at Gwadar Port. A Pak Navy vessel guided the Chinese merchant ship from Port Qasim Karachi to Gwadar Port.According to sources the ship is loaded with electrical goods and appliances used in the installation of cranes. Authorities said that this is the first Chinese ship that has arrived at Gwadar under the CPEC project. The cargo ship Zhen Xing Sung, a bulk-break vessel of the China Overseas Shipping Co (Cosco) reached Gwadar port early Monday morning laden with seafood.The inauguration ceremony was organised on the ship’s arrival at the port. The ceremony was attended by Chinese delegation and the federal minister for ports and shipping Kamran Michael. According to sources, China Overseas Ports Holding Co (COPHC) will take care of all operations on the Gwadar port.The shipping company has been given the lease of the port for 40 years on the 9% revenue.China will export the shipments to Central Asia and the Middle East through the port.Federal Minister for Ports and Shipping Kamran Michael, speaking at a ceremony organised at the Gwadar port, assured that the government is committed to develop the port area for the benefit of the local people.The next ship will depart on 18th of May 2016 carrying another shipment.