Cosco sets up logistics joint venture in Zhenjiang

7/18/2007 10:33:14 AM

COSCO Logistics, the logistics arm of the Cosco Group, has established a logistics joint venture with Jiangsu Dagang Co., Ltd in Zhenjiang recently, Logistics Week reports. It said the newly-established Zhenjiang Cosco-Dagang Logistics Co., Ltd will develop a 133,333-square-metre bonded logistics centre to provide inventory management and value-added logistics services. The centre is intended to act as a key logistics operation platform in the southern Jiangsu area. The logistics joint venture is expected to help Cosco Logistics further expand its business and network in Zhenjiang and southern Jiangsu. Theo Asian Shipper News

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