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COSCO Shipping and bp enhance cooperation

COSCO Shipping and bp signed a memorandum of understanding (MoU) to establish strategic cooperation and explore new directions.

Katherine Si, China Correspondent

December 11, 2023

1 Min Read
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China’s largest shipping enterprise COSCO Shipping has inked a memorandum of understanding (MoU) with oil and gas industry player bp to establish strategic cooperation. 

To further capitalise on the business advantages of both parties, enhance synergies, and achieve complementary advantages and common development, the two parties have reached this strategic cooperation memorandum to expand the scope of cooperation and explore new directions of collaboration. 

This includes Castrol marine lubricants and hydrocarbons transportation, offshore construction as well as exploring collaboration opportunities in areas such as methanol supply for bunkering and offshore wind supply chain.

bp has been operating in China since the early 1970s and is one of the leading foreign-invested companies in China’s energy industry. bp and COSCO Shipping have a longstanding history of cooperation, including the transportation of energy products, offshore equipment manufacturing services and the supply of marine fuels and lubricants.

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Cosco ShippingBP

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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