The Chinese and British shipping industries are set to take their mutual cooperation to a higher level following the recent signing of a memorandum of understanding (MOU) reports Xinhua. The MOU was signed by the Lord Mayor of London, Fiona Woolf; the Vice President of the Investment Committee at China Merchants Group, Yu Liming; the chairman of Maritime London Jeffrey Evans, and the chief executive of Maritime London Doug Barrow. China Merchants Group is a Chinese state-owned enterprise with a strong presence in the shipping sector…