X-Press Feeders Group signed on 18 June two agreements with COSCO SHIPPING Lines, for expanding network coverage, strengthen mainline-feeder coordination and improve service reliability.
Under the partnership agreement, both companies will explore opportunities to cooperate as partners in feeder services across Asia, the Middle East, the Mediterranean, North Europe and Latin America.
For the leasing agreement, X-Press Feeders Group will provide COSCO SHIPPING Lines with the first option to charter newbuild vessels from X-Press Feeders Group, which may be deployed to support joint services where appropriate.
Furthermore, as explained, with the shipping industry facing stricter decarbonisation targets, evolving trade flows and increasing demand for end-to-end logistics, this collaboration reflects a shared commitment to building more sustainable and resilient supply chains.
The agreements were signed by Francis Goh, Chief Operating Officer, X-Press Feeders Group and Irene Cheng Jin, Deputy Managing Director, COSCO SHIPPING Lines.
This collaboration reflects our shared commitment to building a more connected and sustainable shipping network.
…said Francis Goh, Chief Operating Officer, X-Press Feeders Group.
