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COSCO & CN Extend Shipping Logistics Partnership

COSCO & CN Extend Shipping Logistics Partnership

COSCO has signed a new shipping logistics partnership with CN as its rail provider for discharge at the Canadian ports of Vancouver, Prince Rupert, Montreal, and Halifax.

CN is a North American transportation and logistics company responsible for transporting over USD $190 billion worth of goods.

It operates along a rail network of approximately 20,500 route-miles spanning Canada and mid-America.

CN serves the ports of Vancouver and Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile.

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Keith Reardon, senior vice-president of consumer product supply chain at CN, commented the new shipping logistics partnership syang that, “We are proud that CN’s excellence in supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business.

“This is yet another strategic contract signed recently. By choosing CN to service all inland destinations on the network, COSCO will be well positioned to benefit from a unique tri-coastal access.

“This new exclusive Canadian partnership further reinforces our relationship and our commitment to providing the best intermodal rail service.

COSCO Shipping, the third biggest container shipping line in the world, has recently named Fu Gangfeng as its new president.

Fu Gangfeng COSCO President
Fu Gangfeng, President of Cosco

Fu Gangfeng previously worked as Director and Group President of China Merchants Group Limited, concurrently as Chairman and Executive Director of China Merchants Port Holdings Company Limited as well as Vice Chairman of China Merchants Bank.

COSCO Shipping Ports has recently reportedly purchased a 40% stake in the Vado Gateway terminal, Italy.

The new Vado Gateway terminal, located at the port of Vado Ligure, is expected to be operational in December of 2019.

The terminal will have an annual capacity of 900,000 TEUs and enable Vado Ligure to compete with other major European ports.

EagleRail Container Logistics, a global container company, has recently signed a Memorandum-of-Understanding (MoU) with the Chittagong Port Authority to begin the first steps toward transforming and improving throughput on their overcrowded and gridlocked port roads and gates.