China Cosco Shipping Group (Coscocs) has signed a strategic cooperation agreement with domestic automaker BAIC Group for automobile shipping services.
Under the agreement, Cosco Shipping Specialized Carriers will become the sole water transport service provider for BAIC’s domestic automobiles.
In January, Coscocs signed a similar agreement with another state-run automaker FAW.
Cosco Shipping Specialized Carriers, formerly Cosco Shipping, currently operates six pure car carriers. It also has a car shipping joint venture NYKCOS with Japan’s Nippon Yusen Kaisha (NYK).