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CULines Signs Strategic Cooperation Agreement with COSCO SHIPPING Specialized and CHINT

2021-01-29

On the morning of January 29, the signing ceremony of the strategic cooperation agreement between CULines, COSCO SHIPPING Specialized and CHINT took place at the COSCO SHIPPING Specialized Headquarters – Guangzhou Ocean Plaza. Leaders and guests present included the following: President Zhang Zhihuan and Vice President Zhang Wanli of CHINT, Chairman Chen Wei and Assistant to General Manager Gu Weidong of COSCO SHIPPING Specialized, Deputy General Manager Song Xiaoming of Guangzhou Port Group, General Manager Xi Yu and Deputy General Manager Tian Dan of Eshippinggateway.com, Chairman Raymond Chen and Executive Vice President Kevin Ding of CULines.

On the occasion, CHINT, COSCO SHIPPING Specialized and CULines entered into a “2+1” strategic cooperation agreement. According to the agreement, the three parties will reach an extensive strategic partnership, honoring the principle of “advantage complementation and benefits sharing" and the cooperative spirit underpinning “mutual benefit, stability, permanence, efficiency, and quality”. This strong alliance plans to launch strategic cooperation in multiple fields. In specific, CULines and COSCO SHIPPING Specialized will work together to provide CHINT with a "two-to-one" tailored comprehensive logistics solution.

COSCO SHIPPING Specialized, CHINT and CULines sign a “2+1” strategic cooperation agreement

Targeting the new opportunities generated by China’s “dual circulation” strategy, the agreement is in line with the expectations and benefits of all the three parties. Helping the three exert their own advantages and seek win-win results, the alliance is expected to become a new model of synergy and shared growth.

COSCO SHIPPING Specialized and CULines sign the Memorandum of Strategic Cooperation

 

Afterwards, COSCO SHIPPING Specialized and CULines signed a Memorandum of Strategic Cooperation. In view of the ongoing insufficient shipping capacity, to alleviate cargo backlog for foreign trade companies, COSCO SHIPPING Specialized and CULines are determined to assume social responsibilities and thus have reached strategic partnership.

A visit to the Corporate Culture showroom of COSCO SHIPPING Specialized before the signing ceremony

CHINT

Founded in 1984, CHINT is a leading global provider of smart energy solutions. It is actively deploying “4+1” industrial sectors including smart electrics, green energy, industrial control and automation, smart home and incubator, forming an integrated whole industry chain of “power generation, storage, transmission, substation, distribution, sales and consumption”. And it boasts an extensive business network across over 140 countries and regions as well as more than 30,000 employees and an annual sales revenue of over USD 11.4 billion. CHINT has been ranking among China’s Top 500 companies for 18 consecutive years.

 

COSCO SHIPPING Specialized

As one of the core members of China COSCO SHIPPING Corporation Limited Company, COSCO SHIPPING Specialized Carriers Co., Ltd. is a listed company (COSCO SHIPPING Specialized for short, stock code: 600428) dedicated to the operations and management of more than 140 vessels, including multi-purpose and heavy lift vessels, semi-submersible vessels, pure car carriers, logs carriers as well as asphalt carriers and wood-pulp carriers. COSCO SHIPPING Specialized is committed to the transportation of large cargoes such as oil rigs, marine engines, equipment, general cargoes, and containers. As the world's leading shipping company, we have an established business service network throughout the world, covering Europe, America, Far East, Africa, etc. At the same time, COSCO SHIPPING Specialized also provides end-to-end supply chain solutions on a global scale to meet customer needs.