On April 3rd, COSCO SHIPPING Ports Ltd announced that it signed had an investment agreement on the COSCO SHIPPING Ports Supply Chain Project with the Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau.
COSCO plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain platform, develop high-end warehousing business and extend the upstream and downstream industries.
According to a statement, COSCO plans to establish supply chain platform to develop various business, including cross-border e-commerce, auto parts and accessories distribution, fresh food and pharmaceutical products cold chain and supply chain finance, as the extension of port supply chain.
Phase I of the project covers a construction area of about 254,000 m2 and consists of warehousing, comprehensive service areas and supporting facilities. Relying on the resource advantages of COSCO Shipping Group in shipping, ports, trade, logistics and finance, the Company will build a high-standard port supply chain base integrating logistics, warehousing and business support services.
Container-news.com quoted Mr. Zhang Wei, Vice Chairman and Managing Director of COSCO SHIPPING Ports, as saying: “The Development of terminal extended services and port supply chain platform will be a new growth driver for COSCO SHIPPING Ports and the Company will put great effort in it. COSCO SHIPPING Ports’ investment in port supply chain project in Nansha heralds the Company’s initiative to take advantage of scarce logistics resources near the port and develop a high-end warehousing business.”
