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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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Strategic partnership agreement for the development of container port of Dalian

Date:2004-05-28     Publish:本站

A strategic partnership agreement was jointly signed on May 28, 2004 by COSCO Pacific Limited ("COSCO Pacific" or the "Company"), Dalian Port Group Co., Ltd., PSA Corporation Ltd. and A.P. Moller to support the development of the container port in Dalian. Dalian is an international shipping center and one of the most important container transshipment ports in Northern China. The captioned cooperation will definitely provide a strong foundation to accelerate the future development of container transportation industry in Dalian.

Being the world's leaders in their respective industries, all the strategic partners have very strong backgrounds and professional experiences in terminal operation and shipping businesses. The purpose of cooperation is to study investment opportunities in container terminals and logistics services in Dalian. It will be delighted for each partner to participate in the establishment of an even more sophisticated international shipping center in China. It is expected that the cooperation will not only enhance the Dalian's container transportation system but also help to elaborate the partners' respective operational and business networks.

COSCO Pacific strongly believes that our investment in Dalian will further strengthen our port portfolio and related businesses. We are confident that it is a great opportunity for growth to enhance our shareholders value.