On the afternoon of March 11, 2024, a highly anticipated signing ceremony for a business cooperation framework agreement was held between COSCO Shipping and Shanghai Port Group. This move marks the joint efforts of the two industry giants to promote the vigorous development of port and shipping business.

As important long-term partners, Shanggang Group and COSCO Shipping have demonstrated outstanding strength and extensive influence in their respective fields. The industrial chain between the two sides is closely connected, and over the years, they have conducted in-depth cooperation in multiple fields such as ports, shipping, and investment, accumulating rich cooperation experience and a solid foundation for both sides.

The signing of this business cooperation framework agreement is not only a recognition of the past cooperation achievements of both parties, but also a new outlook for the future development of cooperation. In the future, both sides will engage in comprehensive business cooperation around upgrading port services, building core hub ports, port logistics, and other aspects. Both sides will fully leverage their respective advantages, achieve resource sharing and complementary advantages, and jointly promote the innovative development of port and shipping business.

At the same time, both parties will further strengthen communication and collaboration, learn from each other, and continuously enhance the core competitiveness and sustainable development capabilities of the enterprise. Through joint efforts, the comprehensive competitiveness of both parties will be further enhanced, achieving closer cooperation and win-win outcomes. This cooperation will not only bring broader development space and opportunities for both parties, but also make positive contributions to promoting the prosperity of the entire port and shipping industry. Editor/Cheng Liting