COSCO SHIPPING has won a bid for HP’s new annual project contract for the China-Europe Land-Sea Express.
The deal sees newly added shipping routes from Indonesia, Cambodia, and Philippines in southeast Asia to Europe, imposing a greater presence of the China-Europe Land-Sea Express on the local market.
The deal also proposes a 10 per cent increase in the contracted volume from the current deal.
HP worked with the Global Sales Division, the European Trade Division of COSCO SHIPPING Lines, and COSCO SHIPPING Lines Greece.
READ: COSCO Shipping to increase stakes in major Chinese ports in $2.7 billion deal
The move was done to fully leverage the strategic advantages of the Port of Piraeus and the China-Europe Land-Sea Express.
