Cosco Shipping teams up with COFCO on grain shipping

Cosco Shipping teams up with COFCO on grain shipping

Cosco Shipping Bulk has signed a strategic framework agreement with China’s largest grain trader COFCO Group in the latest example of Chinese state-run firms joining forces to control supply chains of key materials.

Under the agreement, the two parties will form a partnership to jointly develop business opportunities in international shipping and logistics.

Over the past a few years COFCO has invested in port and logistics companies in major grain export areas including Australia, South America and the Black Sea region, and it plans to build new warehouses and processing facilities in countries including Myanmar, Kazakhstan, Ukraine and Indonesia.

COFCO had previously collaborated with former China Shipping before its merger with Cosco. China Shipping customised a dedicated liner service for COFCO’s grain imports from Latin America using bulker COFCO 1.

COFCO used to own a large bulker fleet before it sold its entire fleet to Genco Shipping in late 2004.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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