COSCO supports the development of new international land-sea trade corridors

COSCO SHIPPING Tianjin, Guangxi Beibu Gulf Port Group and Port of Singapore Authority (PSA) attended the Beigang New Energy Investment Shareholder Investment Agreement Signing Event in Singapore on April 3.

This is another significant step by COSCO SHIPPING to implement the series of important agreements reached at the Singapore-China leaders’ meeting and promote the green, low-carbon and intelligent development of the new international land-sea trade Corridor between China and ASEAN.

In addition, Beigang New Energy Investment has a registered capital of US$14.5 million. The joint venture will be devoted to the thorough development of new energy projects in the Qinzhou port area and logistics park, and the gradual construction of distributed photovoltaic and distributed wind power projects.

According to COSCO’s announcement, while strengthening cooperation on supply chain management and digitalization of the New International Land-Sea Trade Corridor, it will also work together in green ports, clean energy and many other industries to achieve green, low-carbon and smart growth.

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