In a major development, COSCO has announced that they have formed the China Electric Ship Innovation Alliance. The foundation event on February 8 saw the who’s who of the shipping world attending, like the Shanghai Maritime Safety Administration, China Classification Society, and National Development and Reform Commission of China, among others.
80 companies attended the conference, which followed the partnership deal of the alliance between COSCO Shipping Development and COSCO Shipping Corporation Limited. The alliance has also signed a Green Water Carbon Project agreement.
Meanwhile, companies like COSCO Shipping Development, China Merchants Capital, China Cheng Tong and China Energy Engineering are collaborating. They signed a cooperative deal for that purpose. This comes at a time when COSCO purchased an $814 million stake (5.8%) in COFCO Fortune.
Other companies who attended the event include the Yangtze River Maritime Safety Administration, the Center for International Economic and Technological Cooperation, the Water Transport Bureau of the Ministry of Transport, the Ministry of Industry and Information Technology, the Shanghai Municipal Transportation Commission, and the United Nations Industrial Development Organization.
References: Offshore Energy Biz, Port Technology
Shipping News You Would Like:
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Latest Shipping News You Would Like:
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.