• 2019 April 4 11:09

  COSCO SHIPPING Ports signs investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau

  

  COSCO SHIPPING Ports Limited, a leading ports operator in the world, has announced that the Company signed investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau.

  The Company plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain platform, develop high-end warehousing business and extend the upstream and downstream industries.

  Leveraging on Nansha Free Trade Zone’s policy and favourable geographical position, the Company plans to establish supply chain platform to develop various business, including cross-border e-com-merce, auto parts and accessories distribution, fresh food and pharmaceutical products cold chain and supply chain finance, as the extension of port supply chain.

  Phase I of the project covers a con-struction area of about 254,000 ㎡and consists of warehousing, comprehensive service areas and supporting facilities. Relying on the resource advantages of COSCO Shipping Group in shipping, ports, trade, logistics and finance, the Company will build a high-standard port supply chain base integrating logistics, warehousing and business support services.

  About COSCO SHIPPING Ports

  COSCO SHIPPING Ports Limited is a leading ports operator in the world; its terminal portfolio covers the five main port regions in Mainland China, SoutheastAsia, Middle East, Europe and the Mediterranean Sea. As at 31 December2018, CSP operated and managed 283 berths at 36 ports worldwide, of which 192 were for containers, with a combined annual handling capacity of 106million TEU. In terms of its total throughput in 2017, CSP ranked no.1 in the world by Drewry Maritime Research. The controlling shareholder of COSCO SHIPPING Ports is COSCO SHIPPING Holdings Co., Ltd. and its ultimate parent company, China COSCO Shipping Corporation Limited is the largest integrated shipping enterprise in the world.

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