BEIJING: China Cosco Shipping Corporation Limited (Cosco Shipping) has entered into a strategic partnership with China’s real estate developer Greenland Holdings Corp over assets investment and logstics development.
The comprehensive collaborative deal between the two State-owned enterprises was signed in Shanghai, China recently.
The key highlights of the strategic partnership include setting up a fund to invest in ports and terminals worldwide, acquiring land to develop logistics and warehouse facilities, and cooperating in the transportation and distribution of goods.
A few while ago, Cosco Shipping also inked a strategic cooperation with China Baowu Steel Group to further develop businesses in the areas including shipping, logistics and shipbuilding.
Source: Dailyshippingtimes.com
