Cosco and CMA CGM said they plan greater cooperation in their terminals businesses as part of their partnership in the Ocean Alliance.
Cosco Shipping Ports and CMA Terminals Holding in Shanghai signed a memorandum of understanding with regard to their worldwide port operations. The memorandum says preference will be given to ports that the Ocean Alliance calls upon.
In addition, the two companies said they will provide each other support in terms of business and service to the ports in which the other side has already invested.
Cosco
