On March 18, COSCO SHIPPING and CITIC Group inked a strategic cooperation agreement in Shanghai.

CITIC Group is a large multinational conglomerate, specializing in both financial and industrial development.

Under the terms of the agreement, COSCO SHIPPING and CITIC Group will collaborate to embrace the new development concepts that aligns with the new developmental phase. They aim to forge an extensive and varied partnership spanning domains such as integrated finance, maritime logistics, equipment manufacturing, digitalization, and international business ventures.