COSCO, Bolloré Team Up to Create Business Synergies

coscoIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

China’s container shipping company Cosco Shipping Lines and French-based transportation group Bolloré Transport & Logistics have signed a memorandum of understanding (MoU) to develop new strategic cooperation.

Under the MOU inked in Shanghai on January 29, the duo aims to “densify their commercial relations while exploring new opportunities for cooperation in transport, logistics and port infrastructure.”

The two companies said they intend to develop their respective activities and satisfy the needs of their customers, particularly in terms of digitalization.

Bolloré Transport & Logistics and Cosco Shipping Lines want to intensify international flows, particularly on the African continent, where Bolloré has a network of maritime agencies.

“This new agreement signed with Cosco Shipping Lines is the result of our common desire to develop synergies between our businesses. It also illustrates our ambition to continue the development of our international network by promoting cooperation with strategic partners,” Cyrille Bolloré, CEO of Bolloré Transport & Logistics, commented.

“The new agreement has significant meaning to both of the two companies to further develop global business,” Wang Haimin, Managing Director of COSCO SHIPPING Lines, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >