China Cosco Shipping Group, Xiamen Port Group and Fujian Provincial Communication Transportation Group have jointly launched Silk Road Marine in Xiamen yesterday.
The new company will be the operating platform for Silk Road Marine Alliance, which plans to attract member companies in the logistics and shipping supply chain around the world to forge an integrated logistics alliance to promote China’s Belt and Road initiative.
The alliance will open 16 shipping routes before the end of June 2019 for phase one operations, and plans to expand the coverage of the alliance to more international ports and build a comprehensive intermodal transport network before end of 2020.
In the advanced stage between 2020 and 2025, the groups will make efforts to attract all the containership operators calling at Chinese ports to join the alliance and make Silk Road Marine a competitive brand internationally.
Silk Road Marine’s debut voyage was operated by Cosco Shipping panamax containership Cosco Surabaya yesterday. The ship, carrying 2,500 containers, will call at a number of ports in Southeast Asia.
According to Chen Zhiping, president of Silk Road Marine, the alliance has so far attracted interests from more than 50 companies including some major international containership operators.
“The establishment of Silk Road Marine is a milestone for the promotion and development of the central government’s Silk and Road initiative and will facilitate trade among the belt and road countries,” Chen said.
Cosco Shipping is currently in the Ocean Alliance with CMA CGM, Evergreen and OOCL.