SHANGHAI: Cosco Shipping Car Carrier has inked a strategic cooperation agreement with its first overseas partner PWL Shipping for developing ro-ro market in Europe.
According to the agreement, PWL will utilise its extensive resources and experience to start a comprehensive and deep collaboration with Cosco Shipping Car Carrier. The two parties will jointly work on developing automobile ro-ro service in Europe and provide full-scale automobile logistics and other value-added services.
The deal is a key step for Cosco Shipping Car Carrier to implement its globalisation strategy.
During January and April, the export automobile volume of China was 1.37m units, a substantial growth of 89.2% year-on-year, while Europe is one of the major export markets.
To meet the demands from market and clients,
Cosco Shipping Car Carrier is planning to adjust its fleet deployment in the second half of this year and further expand services in Europe, said Cosco Shipping Car Carrier.
With the delivery of new vessels during 2024-2026, Cosco Shipping Car Carrier will have a fleet of 30 car carriers and is expecting to offer three or four services between China and Europe monthly.
