CSP Partners with GLP & Eshipping for Development of Terminal Extended…

first_img Author: Priyanka Ann Saini COSCO SHIPPING Ports Limited, one of the world’s leading container ports operators, announced that it entered into a strategic alliance and signed a cooperation memorandum of understanding with GLP China Holdings Limited and Eshipping Global Supply Chain Management (Shenzhen) Company Limited to form strategic partnership. Cooperation of the three parties will begin in China at CSP’s terminals and gradually expand into its global network.In attendance of the signing ceremony were Mr. HUANG Xiaowen, Deputy General Manager of China COSCO Shipping Corporation and Chairman of COSCO SHIPPING Ports and Chairman of Eshipping, Mr. ZHANG Wei, Vice Chairman and Managing Director of COSCO SHIPPING Ports, and Ms. Teresa ZHUGE, Vice Chairman of GLP China. The cooperation MOU was signed by Mr. DENG Huangjun, Deputy Managing Director of COSCO SHIPPING Ports, Mr. Victor MOK, Co- President of GLP China Real Estate, and Mr. XI Yu, Deputy General Manager of Eshipping, with other guests on the stage witnessing the signing and delivery of speeches.Mr. HUANG Xiaowen, Deputy General Manager of China COSCO Shipping Corporation and Chairman of COSCO SHIPPING Ports and Chairman of Eshipping, said, “The Development of terminal extended services and port supply chain platform will be a new growth driver for COSCO SHIPPING Ports and the Company will put great effort in it. We are happy to form long term strategic partnership with GLP. We believe by integrating the complementary synergies within China COSCO Shipping and the strengths and resources of external leading corporations, should help speed up the market development and provide clients with more effective and high efficient full supply chain services by forming a seamless connection of “sea”, “terminal and terminal extended area” and “supply chain services.”Mr. ZHANG Wei, Vice Chairman and Managing Director of COSCO SHIPPING Ports, indicated that COSCO SHIPPING Ports is diversifying its business to further enhance its profitability by shifting from relying on traditional organic growth to more innovative inorganic growth; and moving from focusing on terminal resources control to comprehensive deployment of port resources. By partnering with GLP and with its experiences in logistic development and operation, CSP can better utilise its existing terminals and lands outside the terminals, and create a new business model and value beyond the limits of traditional seaborne logistics. The team up with Eshipping, an e-commerce supply chain management platform of China COSCO Shipping Corporation, in integrating the upstream and downstream resources along the supply chain and integrated warehousing solutions etc. will enhance the supply chain services of the Company.” Ms. Teresa ZHUGE, Vice Chairman of GLP China, said “We are delighted to establish thispartnership with COSCO SHIPPING Ports and Eshipping. The creation of this strategic platform will enhance our cooperation in development and operation of port and logistics infrastructure as well asintegrated supply chain solution. This partnership leverages all three parties’ strengths, enhancing the logistics ecosystem.”Sea News, May 22last_img

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