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Striding Forward Side by Side to Take Advantage of Industrial Synergies in Future Development
发布时间: 2020-07-29

  On July 27, 2020, a blast of ship horn reverberated at a barge quay owned by Dong Fang International Container (Qidong) Co., Ltd. (“Qidong Container”) along the Yangtze River, signaling the hoisting of the 100,000th TEU carried by Shanghai Puhai Shipping, a subsidiary of COSCO SHIPPING Lines, at the request of Qidong Container, a company entrusted to Shanghai Universal under COSCO SHIPPING Development, and marking a new milestone in the synergistic cooperation between COSCO SHIPPING Development and COSCO SHIPPING Lines.

  Giving full play to their advantages of resources and products, Qidong Container and Shanghai Puhai have strengthened the synergy effect of the industrial chain since last year to expand their business scales and effectively enhance operational efficiency, laying a solid foundation for long-term cooperation. Looking ahead to the future, the two parties will jointly create a new chapter in the development of container industry chain through continuous exchange, expanded business cooperation and deepened industrial chain collaboration, thus enhancing the synergy of the Group’s shipping business to achieve a win-win situation.

 
 
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COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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