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Cosco Shipping and Shenzhen port partner for automobile exports

Shenzhen Port Group and Cosco Shipping have inked MoU to deepen cooperation on shipping, logistics and automobile exports.

Katherine Si, China Correspondent

April 22, 2024

1 Min Read
car carrier GSI
Image: GSI

The two parties will enhance automobile transport service capabilities and accelerate construction of Shenzhen to be a hub ro-ro port for high-efficient exports of China-made automobile.

This collaboration will also be extended to improve Shenzhen’s competitiveness in international shipping market. 

Earlier this year, Shenzhen issued program to promote automobile exports, including opening up new ro-ro services, providing subsidies for acquiring new ro-ro vessels and attracting more shipping lines to berth at Shenzhen port for automobile transportation.

In the first quarter, Xiaomo port, the major automobile export port at Shenzhen has exported 14,415 units of new-energy vehicles (new energy vehicles are primarily electric cars), reaching 72% of the total automobile export volume in 2023. 

 

Read more about:

Cosco Shipping

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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