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 digitalization. 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.
COSCO SHIPPING Lines and Bolloré Transport & Logistics sign a MoU to develop new synergies
Puteaux. 15 February 2019
In the presence of Messrs Wang Haimin and Cyrille Bolloré, COSCO SHIPPING Lines and Bolloré Transport & Logistics have signed on January 29, 2019 a strategic Memorandum of Understanding 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.
[Translate to English:] De gauche à droite - COSCO SHIPPING Lines : Wang Kunhui (General Manager of Latin America/Africa Trade division), Tao Weidong (Deputy Managing Director), Chen Shuai (Deputy Managing Director), Wang Haimin (Managing Director) - Bolloré Transport & Logistics : Cyrille Bolloré (CEO), Philippe Labonne, (CEO adjoint), Michel Sibony (Directeur du Middle Office) et Sébastien Beuque (Directeur Shipping)
CEO of Bolloré Transport & LogisticsThis 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.
Managing Director of COSCO SHIPPING LinesThanks 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.
About COSCO SHIPPING Lines
COSCO SHIPPING Lines, headquartered in Shanghai, is an enterprise specially engaged in international and domestic container shipping and related services. By the end of December 2018, the company has a total of 376 container vessels, with a total capacity of 2.1 million TEUs, ranking the 4th place in the world, and the 1st place in the Asia. COSCO SHIPPING Lines operates 362 international and domestic shipping routes, consisting of 228 international services (including international feeder services), 47 domestic services, 87 Yangtze River and Pearl River shipping services, covering 329 ports in 100 countries and regions worldwide.