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The Company signed a Joint Venture Agreement with COSCO Shipping Europe
发布时间: 2016-11-01 分享到:



On 28 October 2016, Lu Junshan, Secretary of the Party Committee of the Company signed a Joint Venture Agreement on behalf of the Company with Lin Ji, President of COSCO Shipping Europe in the conference room of the Company in connection with the joint establishment of “COSCO Shipping Tanker (British) Co., Ltd.” (hereinafter referred to the “British Company”), for the purpose of implementing the objective of “Global marketing of one brand” put forward by the Group for the tanker shipment business, and realizing the transformation from international operation to global distribution. 

As a part of the global shipment distribution of COSCO Shipping Energy, the British Company aims to take advantage of the regional advantages by providing customers with "personal services" and performing the development of regional market, regional operation of fleet, safety management services and collection of market information in the west of the Suez Canal and the east coast of the Atlantic, including the British coast, Mediterranean coast, Baltic Sea, North Sea, Black Sea and West Africa, in order to provide customers with better services and strive to achieve the management objectives satisfactory to the shareholders. 

According to the global network layout plan of the Company, COSCO Shipping Energy has currently set up overseas branches in Singapore and Hong Kong, which has realized the integration of marketing and fleet management in the regional markets of Southeast Asia. Upon the establishment of the British Company, the Company will further enhance its operating strength and supply network in London, the center for global energy. Coupled with the American Company under current preparation, COSCO Shipping Energy will realize the business marketing and customer servicesaround the clockwithout time difference throughout the world.

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About Us
COSCO Shipping Energy Transportation Co., Ltd. (“COSCO Shipping Energy”) is a specialized company engaging in energy shipment such as oil and gas, comprising China COSCO Shipping Corporation Limited. Its predecessor is China Shipping Development Company Limited (01138K, 600026), headquartered Shanghai, the main subsidiaries include COSCO Shipping Tanker (Shanghai) Co., Ltd., COSCO Shipping Tanker (Dalian) Co., Ltd., China Shipping Group Gas Investment Co., Ltd., China Shipping Development (Hong Kong) Marine Co., Limited and China Shipping Development (Singapore) Marine Co., Limited.
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