COSCO LYG and COSCO Shipyard sign cooperation agreement
Lianyungang Ocean Shipping Company (COSCO LYG) and Lianyungang Shipyard Co., Ltd. (COSCO Shipyard) signed a strategic cooperation framework agreement. The two sides will establish a comprehensive and strategic cooperation in a wider range covering ship repairing, ship spare parts manufacturing, ship supply, agents, production safety, personnel exchange and training, information exchange and so on.
This strategic cooperative partnership will be conducive to the development of each individual enterprise. In line with the COSCO Group's overall strategy upon Lianyungang, cooperation will also be a necessary component.
COSCO LYG is a wholly owned subsidiary of COSCO's Qingdao Ocean Shipping Co., Ltd., a large integrated company based on shipping and with supplementary onland business.
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