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Shen Hua and COSCO cozy up

Shen Hua and COSCO cozy up

Beijing: Shen Hua Group, one of China's largest coal miners, and COSCO have signed a Letter of Intent for Strategic Partnership in Beijing. Chen Biting, Chairman of Shen Hua, Capt. Wei Jiafu, president and ceo of COSCO and Zhang Fusheng, Executive Vice President of COSCO Group attended the signing ceremony. Wang Xiaolin, Deputy Managing Director of Shen Hua and Capt. Zhang Liang, Vice President of COSCO signed the Letter of Intent on behalf of each company.

"Both parties express their willingness to strengthen cooperation in respect of both domestic steam coal shipping and coal export services in order to achieve a win-win situation," COSCO said in a statement.  [02/03/07]

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