China Coal Energy joins hands with Cosco Bulk Shipping

Beijing: China Coal Energy, the second largest coal production company in China which is controlled by State-owned Assets Supervision and Administration Commission (SASAC), and Cosco Bulk Shipping have signed a strategic agreement to strengthen cooperations in both domestic and international dry bulk shipping.

“China Coal Energy has large scale coal import and export volume each year, and Cosco has the largest dry bulk fleet in the world and extensive logistics network, the cooperation between the two companies will enhance both company’s advantages and the ability to resist risks in both coal market and shipping market,” SASAC said in a statement. [09/11/12]

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