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Cosco Shipping Specialized Carriers jv launches Shanghai - Middle East service

Photo: Cosco Specialized Carriers Cosco_car_carrier.jpg
Guangzhou Yuanhai Car Carrier, an automobile logistics service provider established by Cosco Shipping Specialized Carriers, SIPG Logistics and Anji Logistics, has opened up automobile service for Shanghai - Middle East.

Based on automobile exporters’ demands, we have adjusted our automobile service and moved three 5,000 unit of equivalent car carriers from South America to the Middle East region, said Zhu Guihua, General Manager of Yuanhai, we are collaborating with our stakeholder Cosco Shipping to provide an integrated logistics supply chain service for automobile transportation, Zhu added.

Yuanhai has already initiated its car carrier fleet expansion project and will add fifteen large-size dual-fuel car carriers into its fleet starting from the second half of 2024. The new capacity will be used for enlarging service network to more overseas countries and regions. 

In 2021, sales volume of China-made cars to Middle East regions was 2 million vehicles, a substantial growth of 101.1% year-on year. The whole year export volume of vehicles is expected to reach 3 million in 2022.