COSCO Shipping Ports announced that it signed an investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. The agreement regards the development of the first phase of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company.
The development of the terminal business aims to create port supply chain platform, high-end warehousing business and extend the upstream and downstream industries.
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COSCO Shipping Ports also plans to set out a supply chain platform to develop various business, including cross-border e-commerce, auto parts and accessories distribution, fresh food and pharmaceutical products cold chain and supply chain finance, as the extension of port supply chain.
Phase I of the project consists a construction area of about 254,000 square metres and includes warehousing, comprehensive service areas and supporting facilities. Depending on the resource advantages of COSCO Shipping Group in shipping, ports, trade, logistics and finance, the company will build a port supply chain base integrating logistics, warehousing and business support services.
Mr. Zhang Wei, Vice Chairman and Managing Director of COSCO Shipping Ports, noted:
Compared to traditional simple warehouse, this high-end warehousing project near the port is irreplaceable and has a higher plot ratio and more scientific and efficient warehousing space. Located behind the container terminal, the project enjoys good location, strong synergy effect and low transportation costs. In terms of construction and operation, the project has higher construction standards, supporting facilities, professional and modern affiliated management and services
In addition, Mr. Wei mentioned that the project aims to build a platform that connects the upstream and downstream industries focusing on ports and integrate the synergies of container shipping, bulk transportation, logistics, shipping finance and e-commerce platform from COSCO Shipping Group.
