COSCO Shipping Car Carriers has signed has a strategic cooperation agreement with Germany’s PWL Shipping as it prepares to ramp up calls to Europe once its 20+ backlog of newbuildings deliver.
The two parties will work on developing car carrier services in Europe and providing full-scale automobile logistics and other value-added services.
In the first four months of this year, Chinese car exports have grown by 89%, with much of the growth seen in Europe.
Chinese companies, including car manufacturers, have been ordering car carriers en masse over the past year.
