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COSCO lands ten-year Chinese car-export shipping deal
COSCO Shipping Specialized Carriers' car-carrier business signed a 10-year contract of affreightment with DFSK's export arm, Chongqing Xiaokang Import & Export.
COSCO Shipping Specialized Carriers' car-carrier business has signed a 10-year contract of affreightment with Chinese automaker DFSK, securing a long-term vehicle-export cargo relationship. The agreement was signed with Chongqing Xiaokang Import & Export, DFSK's export operation.
The companies said they intend to expand shipping volumes, allocate vessel capacity and develop the global route network serving the trade. Specific volumes, start dates and route details were not disclosed in the supplied material.
The deal covers the car-carrier segment of COSCO Shipping Specialized Carriers and DFSK's export shipments. No further terms were provided in the source text.
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