On February 26th, COSCO SHIPPING Energy and Liaoning Jincheng Petrochemical held a signing ceremony for a strategic cooperation agreement in Panjin, officially launching the "Yuanhai Jincheng" logistics supply chain product. At the ceremony, COSCO SHIPPING Energy and Pan-Asia Shipping separately signed special contracts with Jincheng Petrochemical for oil transportation and container sea-land intermodal transportation services. Leaders from the State-owned Assets Supervision and Administration Commission of Liaoning Province and the heads of the three companies jointly witnessed this important moment.

This strategic cooperation represents a sublimation of the years of friendly cooperation between COSCO SHIPPING Energy and Jincheng Petrochemical, marking a historic leap from a traditional single transportation mode to a deep integration of the entire chain. Against the backdrop of the profound restructuring of global industrial and supply chains and the in-depth promotion of the comprehensive revitalization of Northeast China, COSCO SHIPPING Energy and Jincheng Petrochemical actively fulfill their responsibilities as central enterprises, jointly serve major national strategies, deepen comprehensive cooperation, and jointly promote high-quality development.

The "Yuanhai Jincheng" logistics supply chain product adheres to the core concept of "customer-centricity", guided by the supply chain needs of Jincheng Petrochemical and with the "oil and container transportation synergy" as its core, it constructs an "end-to-end" and "door-to-door" transportation network to provide customers with "full-process services". In terms of crude oil and refined oil transportation, the company leverages its multi-million-ton carrying capacity to continuously optimize fleet deployment and port connections, enhancing operational efficiency. For polyolefin product transportation, it collaborates with Pan-Asia Shipping's container network and multimodal transportation resources to realize standardized "one-box-to-the-end" services, promoting upgrades in supply chain logistics services across multiple fields.

"Yuanhai Jincheng" boasts three core characteristics: firstly, it facilitates cross-segment collaborative innovation, achieving deep linkage between energy transportation and domestic trade container segments within the group to improve efficiency and reduce costs; secondly, it upgrades the entire service chain, with both oil transportation and container services being extended and upgraded to provide a one-stop logistics experience; and thirdly, it empowers supply chain resilience, ensuring the supply of raw materials and the circulation of products, thereby assisting Jincheng Petrochemical in reducing costs, increasing efficiency, strengthening the supply chain, and ensuring its stability.

The implementation of "Yuanhai Jincheng" follows a "three-step process": the first phase deepens strategic cooperation in oil and container transportation to ensure oil transportation and improve logistics efficiency for solid chemicals; the second phase expands cooperation in the fields of chemicals, LPG, and bulk transportation; and the third phase deepens industrial chain synergies, promotes upgrades in logistics digital and intelligent management, and explores equity cooperation.

In the future, the two parties will also explore the construction of green energy channels, the establishment of integrated digital and intelligent platforms, and further tap into cooperation potential.

Taking this strategic cooperation upgrade as an opportunity, COSCO SHIPPING Energy will focus on customer needs, fully leverage the resource synergies of COSCO SHIPPING, strive to create safer, more reliable, efficient, and economical global digital supply chain products, and fully build a new ecosystem of coordinated upstream and downstream development and win-win cooperation in the energy transportation industry chain!