COSCON and CSCL signed Agreement of Cooperation on Domestic Trade Lane

11 Oct 2012

On Oct.10, 2012, COSCON and CSCL, the largest two shipping lines in China and leading-position carriers in the industry, have announced to jointly run on China domestic lane. The two companies were respectively belong to China Ocean Shipping (Group) Company and China Shipping (Group) Company.

Both sides conclude the , Planning to jointly launch Northeast/North China to Fujian/Shantou Service. This is the first time that the two companies cooperate on China domestic lane.

Per the agreement, from the middle of October, based on equal cooperation and mutual benefit, the two giants will jointly launch North China-Fujian Service, North East China-Fujian Service, North China-Fujian/Shantou Service. The cooperation aims at integrating advantages of both parties, satisfying the increasing demand from the customers as well as enhancing the lane coverage and regularity, shortening the transit time.

Both sides believe this is the start of in-depth cooperation on domestic lane between COSCON and CSCL. In future, both parties will commit to continuously deepen cooperation, work together to launch more top-quality domestic service, dedicate to provide customers with high quality, convenient and honest service, contribute to promote the development of domestic trade and the shipping industry.

COSCO Container Lines Co. Ltd. press release