SAIC Anji Shipping and COSCO Shipping Car Carriers signed 10-year COA

On January 13, SAIC Anji Shipping and COSCO Shipping Car Carriers signed a 10-year (2023-2033) Contract of Affreightment (COA) in Shanghai.
 
China's auto exports exceeded 3 million units in 2022 to reach 3,111,000 units, up 54.4% year on year, according to data released by the China Association of Automobile Manufacturers (CAAM) on Jan 12. SAIC exported 906,000 vehicles, accounting for about 30% of China's total auto exports.
 
The COSCO Shipping Car Carriers and the automobile special frame scheme for RoRo ship from the COSCO Shipping Specialized Carriers has effectively helped the vehicle transportation.

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