Cosco sets up logistics joint venture in Zhenjiang

Cosco Logistics, the logistics arm of the Cosco Group, has established a logistics joint venture with Jiangsu Dagang Co., Ltd in Zhenjiang recently, Logistics Week reports.
It said the newly-established Zhenjiang Cosco-Dagang Logistics Co., Ltd will develop a 133,333-square-metre bonded logistics centre to provide inventory management and value-added logistics services. The centre is intended to act as a key logistics operation platform in the southern Jiangsu area.
The logistics joint venture is expected to help Cosco Logistics further expand its business and network in Zhenjiang and southern Jiangsu.