Coscocs forms auto shipping partnership with FAW

Coscocs forms auto shipping partnership with FAW

China Cosco Shipping Group (Coscocs) has signed a strategic cooperation agreement with state-run automaker FAW in Shanghai yesterday.

Under the agreement, the Coscocs will become the strategic partner of FAW for automobile shipping and auto parts shipping. In the meantime, the two parties will also jointly develop warehousing facilities.

The two companies said the partnership will enhance logistics efficiency, lower logistics cost and promote the business tranformation of both companies.

Cosco Shipping Specialized Carriers, formerly Cosco Shipping, currently operates four pure car carriers. In September, it acquired two elderly car carriers from Norwegian Car Carriers to further add to its fleet. It also has a car shipping joint venture NYKCOS with Japan’s Nippon Yusen Kaisha (NYK).

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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