Greater ChinaOperations

Cosco sets up car carrier joint venture with SAIC Anji Logistics

Cosco Shipping Specialized Carriers, a unit of Cosco Shipping Group, has announced plans to set up a joint venture with SAIC Anji Logistics, the shipping subsidiary of car maker SAIC Motor.

The company believes the joint venture, which will be registered in Hainan, will promote the development of the company’s car carrier business.

Cosco and SAIC Anji will each occupy 35% and 65% shares in the joint venture respectively.

Cosco currently owns five car carriers, while SAIC Anji operates a fleet of 25 car carriers.

Like Cosco, SAIC, formerly Shanghai Automotive Industry Corporation, is state-owned. It is one the big four state-owned Chinese automakers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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