Cosco and China Shipping seek closer business ties

The mainland's two largest shipping companies, China Ocean Shipping (Group) and China Shipping, are exploring ways to deepen their business relationship, Cosco president Ma Zehua confirmed yesterday.

He said the two sides would "conduct more dialogue and research" to strengthen their co-operation across various shipping sectors and not just the container shipping business.

"Working on our own can no longer work," he told about 600 shipping executives at the Journal of Commerce transpacific maritime conference in Shenzhen.

via Business feed http://www.scmp.com/business/china-business/article/1063527/cosco-and-china-shipping-seek-closer-business-ties