COSCO and China Shipping Container Lines (CSCL) have announced their intention to strengthen their cooperation this year in a number of fields including shipping services and container management businesses.
The two companies have decided to establish committee expressly charged with bringing about greater cooperation in shipping services to enhance service quality and management efficiency.
The move is viewed as part of the response to Maersk’s new “conveyor belt” delivery system called Daily Maersk, deploying the Danish shipping giant’s super size to dominate the market. Chief rival, MSC and CMA CGM have joined together to enhance services to approximate those of the industry’s biggest player just as other shipping alliances have re-calibrated their operations to meet the Maersk threat, too.
Cosco and CSCL senior management have been in talks for sometime discussing ways and means to enhance current operations and plan for future cooperation.
The two companies are aiming to boost development of China’s shipping industry and facilitate the country’s foreign trade via their cooperation.
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