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COSCO Shipping and Bolloré Transport & Logistics enter MoU

Published by , Assistant Editor
Dry Bulk,

In the presence of Messrs Wang Haimin and Cyrille Bolloré, Cosco Shipping Lines and Bolloré Transport & Logistics have signed on 29 January 2019 a strategic Memorandum of Understanding (MoU) in Shanghai. The two companies, partners for over 20 years, want to densify their commercial relations while exploring new opportunities for cooperation in transport, logistics and port infrastructure.

Through this agreement, the two companies have agreed to explore the possibilities of commercial collaboration in order to develop their respective activities and satisfy the needs of their customers, particularly in terms of digitalisation. Bolloré Transport & Logistics and Cosco Shipping  Lines share the common ambition to intensify international flows, particularly on the African continent, where Bolloré Transport & Logistics is known for its expertise and has a large network of maritime agencies and also a unique know-how in corridor management.

 "This new agreement signed with Cosco Shipping  Lines is the result of our common desire to develop synergies between our businesses. It also illustrates our ambition to continue the development of our international network by promoting cooperation with strategic partners, recognised for their excellence and performance.” said Cyrille Bolloré, CEO of Bolloré Transport & Logistics.

“Thanks for the support of our old friend in the past 20 years. The new agreement has significant meaning to both of the two companies to further develop global business,” said Wang Haimin, Managing Director of COSCO Shipping Lines.

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