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COSCO SHIPPING Enhances Cooperation with China Baowu

Date:2021-12-23 Read times: font size:[ L M S ]

On December 17, a delegation headed by Chairman of COSCO SHIPPING Mr. Wan Min, and Director of the Board and President of COSCO SHIPPING Mr. Fu Gangfeng paid a visit to China Baowu Steel Group (China Baowu) and had friendly talks with Chairman of China Baowu Mr. Chen Derong, and Director of the Board and General Manager of China Baowu Mr. Hu Wangming.

Mr. Chen Derong said that the two companies have formed a deep friendship during their long-term cooperation, as they have been working closely with mutual support. He hoped that COSCO SHIPPING will continue to provide strong support to reduce logistics costs and create incremental value through in-depth cooperation across the industrial chain, so that both sides can work together to achieve higher quality development based on the new development stage.

Mr. Wan Min thanked China Baowu for its long-term support to COSCO SHIPPING and congratulated the company for its excellent performance in recent years. He said that the two companies are closely linked in the industrial chain, with highly compatible strategic goals. By developing a thorough understanding of China Baowu’s development strategy, COSCO SHIPPING will develop visualized intelligent logistics solutions according to the customer needs, and provide long-term stable full supply chain service. It will focus on the company vision of China Baowu (“to be a leader in global steel industry”) and strengthen cooperation in business, investment and assets, while making solid progress on the path of green low-carbon intelligent development to genuinely realize the integration of modern service industry and advanced manufacturing industry, and make greater contributions to turning Shanghai into an international shipping center and ensuring the stability of both the supply chain and industrial chain.

Chief Accountant of China Baowu Mr. Zhu Yonghong, Vice President of China Baowu Mr. Gao Jianbing, heads of relevant departments and affiliated enterprises of China Baowu, Executive Vice President of COSCO SHIPPING Mr. Huang Xiaowen, relevant leaders of the Executive Division and Operating Management Division of COSCO SHIPPING, as well as executives of COSCO SHIPPING Lines, COSCO SHIPPING Bulk and COSCO SHIPPING Ports also attended the meeting.

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