Dalian: In what SinoShip News understands is the first part of a greater joining of forces Cosco and China Shipping have announced they will collaborate on some domestic container trade routes for the first time.
China Shipping Container Lines (CSCL) and COSCO Container Lines will jointly operate trade routes from north and northeast China to Fujian and Shantou in the southern province of Guangdong from mid-October.
"This move is just the start of an intensive cooperation in domestic container shipping between CSCL and COSCO," CSCL said in a statement released on Friday.
Sources in Beijing tell SinoShip News that both shipping giants have come under pressure from government to work together before any further capital is handed to them. [12/10/12]