COSCO Shipping Bulk and Fujian Guohang Ocean Shipping Sign Domestic Transportation Framework Agreement

On October 17, 2024, COSCO Shipping Bulk signed a **Domestic Transportation Framework Agreement** with Fujian Guohang Ocean Shipping (Group) Co., Ltd. The signing ceremony was attended by key leaders from both companies, including Wang Yanping, Secretary of the Party Committee, Chairman, and President of Fujian Guohang Ocean Shipping, and Chen Wei, Chairman and Secretary of the Party Committee of COSCO Shipping Bulk. The agreement was signed by Chen Yan, Vice President of COSCO Shipping Bulk, and Xu Niwei, Vice President of Fujian Guohang Ocean Shipping.

Prior to the signing, both parties engaged in discussions about their recent business developments and future plans. Key topics included driving growth in green, low-carbon shipping, maintaining a healthy market environment, and promoting the sustainable development of the shipping industry.

Under the framework of the agreement, the two companies aim to accelerate the sharing of vessel and cargo resources as well as information, solidifying their long-term strategic partnership. By focusing on "innovation-driven" growth and prioritizing "industrial chain operations" and "digital transformation," both organizations seek to enhance their core competitiveness and market influence. Together, they will work to address industry challenges and contribute to the security of global supply and industrial chains.

This partnership is expected to play a pivotal role in advancing the shipping industry's evolution toward sustainability while ensuring a strong response to market demands and challenges.

by Xinde Marine News Chen Yang

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