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Cosco Shipping Ports to develop port supply chain in Nansha

Cosco Shipping Ports (CSP) has signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau to develop a port supply chain platform and warehousing business.

The Cosco Shipping Ports Supply Chain Project leverages on the Nansha Free Trade Zone policy to establish supply chain platform to develop various businesses including cross-border e-commerce, auto parts and accessories distribution, fresh food and pharmaceutical products, cold chain and supply chain finance.

CSP will first develop Phase 1 of the project covering a construction area of about 254,000 sq m, consisting of warehousing, comprehensive service areas and supporting facilities.

“CSP’s investment in port supply chain project in Nansha heralds the company’s initiative to take advantage of scarce logistics resources near the port and develop high-end warehousing business,” said Zhang Wei, vice chairman and managing director of CSP.

Read more: Cosco Shipping Ports investing $225m in Peru’s Chancay terminal

“Located behind the container terminal, the project enjoys good location, strong synergy and low transportation costs. The project aims to build a shared and win-win 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,” Zhang added.

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