COSCO SHIPPING signs Strategic Cooperation Agreement with Dalian Commodity Exchange

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COSCO SHIPPING

On June 24, COSCO SHIPPING and Dalian Commodity Exchange (DCE) signed a strategic cooperation agreement in Shanghai. Director of the Board and President of COSCO SHIPPING, Mr. Fu Gangfeng, Executive Vice President and Chief Financial Officer of COSCO SHIPPING, Mr. Sun Yunfei, President of DCE, Mr. Xi Zhiyong, and Vice President of DCE, Mr. Cheng Weidong, attended the ceremony and witnessed the signing of the agreement. In addition, assistant to the President of COSCO SHIPPING and Chairman of COSCO SHIPPING Logistics, Mr. Han Jun, and Vice President of DCE, Mr. Wang Weijun, signed the agreement on behalf of both parties respectively.

According to the agreement, the two sides, in line with the principles of equality, mutual benefit and common development, will establish a comprehensive strategic cooperation relationship around corn, starch, iron ore, energy, chemicals, oil and oilseeds to create a new advantage through the synergistic development of the futures industry and logistics industry.

Before the ceremony, the two sides also held talks to recall their past cooperation and broaden and increase cooperation to jointly serve the real economy and national development strategy.

Executives of relevant departments of DCE, heads of the Executive Division, Strategy & Corporate Management Division, and Operating Management Division of COSCO SHIPPING and leaders of COSCO SHIPPING Logistics also participated in the event.

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