According to the agreement, COSCO and CSIC will deepen their cooperation in shipbuilding technology, logistics, and transportation.
“The signing of the agreement will help with China’s strive towards a maritime power, and realize low-carbon development,” said COSCO. It said the new tankers will have low fuel consumption and features to protect the environment.
Meanwhile, the news service SinoCast Daily Business Beat said Friday that COSCO Shipping Co., Ltd. has announced it plans to take over the 100 percent equities that COSCO Group holds in Guangzhou Ocean Shipping Co., Ltd. with 1.1 Chinese Yen Renminbi ($176 million).
It said Guangzhou Ocean Shipping is engaged in lumber and asphalt ocean shipping, ship material supply, ship communications and navigation equipment installation and maintenance, ship technology consultancy and new ship equipment agent. – Chris Dupin
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now