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China Shipping, PIL sign multi-dimensional container co-operation deal
CHINA Shipping Group (CSG) and Pacific International Lines (PIL) has signed a "strategic co-operation framework agreement" to "enhance co-operation and create a win-win situation".
"This agreement doesn't include specifics but serves as a guideline for the two to work together on several container-related businesses and explore further areas of co-operation," an official told Lloyd's List.
In a website statement, state-owned CSG said the two agreed to co-operate in container shipping, leasing and manufacturing.
CSG unit China Shipping Container Lines (CSCL) have worked together on transpacific and Asia-Europe services and will launch a China-Australia service soon, the official said.
PIL, the parent of world's second-largest box maker Singamas, is also looking at opportunities to work with CSG in areas like container making and leasing, the official said.
Cosco Group holds a stake in Shenzhen's China International Marine Containers (CIMC) the world's biggest box maker. CSG lacks a similar position in container manufacturing.
"This agreement doesn't include specifics but serves as a guideline for the two to work together on several container-related businesses and explore further areas of co-operation," an official told Lloyd's List.
In a website statement, state-owned CSG said the two agreed to co-operate in container shipping, leasing and manufacturing.
CSG unit China Shipping Container Lines (CSCL) have worked together on transpacific and Asia-Europe services and will launch a China-Australia service soon, the official said.
PIL, the parent of world's second-largest box maker Singamas, is also looking at opportunities to work with CSG in areas like container making and leasing, the official said.
Cosco Group holds a stake in Shenzhen's China International Marine Containers (CIMC) the world's biggest box maker. CSG lacks a similar position in container manufacturing.
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