Greater ChinaOperations

Cosco and SIPG form transport JV with China’s largest car manufacturer

Three Chinese companies are joining forces to ship cars. Cosco Shipping Specialized Carriers will work with Shanghai International Port Group’s SIPG Logistics and automotive manufacturer SAIC Motor’s Anji Logistics to create a dedicated car transport firm.

Cosco, SIPG and Anji Logistics will hold 42.5%, 37.5% and 20% stakes in the new joint venture respectively.

In a release, Cosco stated the plan was to use its own ships to begin with and then to expand the fleet via newbuilds, charters or buying existing tonnage.

SAIC Motor is China’s largest car manufacturer. It sold 5.27m cars last year and like SIPG and Cosco, it is state-owned.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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