Beijing: Two of China’s leading shipping lines, COSCO Container Lines (COSCON) and Sinotrans&CSC, have announced plans to cooperate on China-Japan container routes, in a further sign of state-run maritime conglomerates being forced from on high to work together during the downturn.
From late February, the two subsidiaries of COSCON and Sinotrans&CSC, Shanghai PanAsia Shipping and Sinotrans Container Lines, will jointly operate the routes from north and east China to Japan in an effort to consolidate the two companies’ resources.
The news follows on from last autumn’s announcement that COSCON and China Shipping Container Lines would collaborate for the first time on a number of domestic routes. [11/01/13]
