William Lin, bp Group Executive Vice President, and Lin Ji, Executive Vice President of COSCO SHIPPING, witnessed the signing. Simon Yang, bp Group Senior Vice President and bp China President, and Chen Wei, Deputy Head of the Operations Division of COSCO SHIPPING, signed the document on behalf of the two parties.
During the meeting before the signing of the MoU, the two sides reviewed the current state of cooperation and looked forward to the future direction of collaboration.
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.
China COSCO SHIPPING Corporation Limited (hereinafter referred to as COSCO SHIPPING Group or the Group) is an SOE headquartered in Shanghai. It is the merged entity of China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company (China Shipping).
As of Dec 31, 2022, the total fleet of COSCO SHIPPING comprises of 1394 vessels with a capacity of 113.82 million DWT, ranking No.1 in the world. Its container fleet capacity is 3.02 million TEU, ranking the third in the world. Its dry bulk fleet (437 vessels / 45.14 million DWT), tanker fleet (228 vessels / 29.18 million DWT) and general and specialized cargo fleet (175 vessels / 5.78 million DWT) are all topping the world’s list.
Thanks to its complete global service network, COSCO SHIPPING has become a top international brand. The upstream- and downstream links along the industry chain, such as shipping, terminals, logistics, shipping finance, ship repair and shipbuilding, have formed a sound industrial structure. The Corporation has invested in 56 terminals, including 49 container terminals, all over the world. The annual throughput of its container terminals amounts to 131.79 million TEU, taking the first place worldwide; the global sales volume of its bunker fuel exceeds 28.30 million tons, which is the largest in the world; and the container leasing business scale reaches 3.91 million TEU, the third largest in the world. Its offshore engineering manufacturing competence and vessel agency business are also leading in the world.
To serve the global trade and operate a global network, COSCO SHIPPING has been focusing on the establishment of a “3+4” industrial ecosystem, with shipping, ports and logistics as its foundation and core industries, and with shipping finance, equipment manufacturing, value-added service and digital innovation as the enabling and value-added industries. Based on that, it further aims to build a world-class integrated logistics service and supply chain service ecosystem.
https://en.coscoshipping.com/
About COSCO SHIPPING (Europe) GmbH
COSCO SHIPPING (Europe) GmbH is the regional management company of the China COSCO SHIPPING Corporation in the European Region. The predecessor of this company, formerly known as ‚COSCO Europe GmbH‘, was the representative office of COSCO in Hamburg and registered and founded on February 15th, 1989, by the original COSCO Group in Hamburg, Germany. It was the first regional management company set up overseas by the COSCO Group.
The company’s business administration extends from Europe to North Africa, the Mediterranean and the region along the Black Sea, covering 64 countries in total. The scope of business comprises container transportation, break bulk cargo transportation, logistics services, terminal operations, ship technical services and ship fuel supply, etc. The company’s headquarters installed the Administrative & Personnel Department, the Strategic Development Department, the Supply Chain Development Department, the Department of Financial Management, the European Audit Division and the Break Bulk Transport Department, 6 departments all together. The company has 15 daughter companies in 12 countries, of which some are wholly owned and some are joint-venture companies. They are located in China, Germany, the United Kingdom, the Netherlands, Belgium, Finland, France, Italy, Turkey, Romania, Greece and Egypt.
www.coscoshipping.eu
COSCO SHIPPING Lines (Germany) GmbH
Am Sandtorkai 60
20457 Hamburg
Telefon: +49 (40) 36092-0
http://coscoshipping.de
Head of PR & Communications Europe
E-Mail: christian.klaus@coscoshipping.de
