On September 17, COSCO SHIPPING Specialized Carriers Co., Ltd. (hereinafter referred to as “COSCO SHIPPING Specialized Carriers”), COSCO SHIPPING (West Asia) Co., Ltd. (hereinafter referred to as “COSCO SHIPPING West Asia”), and Ports Services & Storage Co., Ltd. (hereinafter referred to as “PSS”) jointly signed a strategic cooperation memorandum in Dammam, Saudi Arabia. Mr. Huang Nan, Director and General Manager of COSCO SHIPPING Specialized Carriers; Mr. Tian Dong, Chairman of COSCO SHIPPING West Asia; and Mr. Ibrahim AlNaeem, Director and General Manager of PSS, signed the agreement on behalf of the three parties respectively.
This cooperation is based on the complementary advantages of the three parties in resources and capabilities, aiming to strengthen the layout of key regional logistics nodes, marking an important progress in the strategic collaboration of all parties in the field of port services and logistics. The memorandum explicitly proposes to jointly promote the construction and operation of the Dammam Port yard, comprehensively enhance port logistics efficiency, and jointly build an important logistics hub radiating across the Middle East region. This cooperation not only reflects the synergistic effect of COSCO SHIPPING’s global network but is also a key initiative to establish in-depth cooperation with core port service institutions in Saudi Arabia. In the future, the three parties will jointly advance the construction of port and shipping logistics infrastructure along the “Belt and Road,” providing global customers with higher quality and more efficient “end-to-end” integrated logistics solutions.
COSCO SHIPPING West Asia, a wholly-owned subsidiary established by the COSCO SHIPPING Group in the UAE, has its main business covering areas such as shipping, land transportation, warehousing, and customs agency.
PSS is a professional ship agency and integrated logistics service enterprise, with core businesses including warehouse management, transportation services, customs clearance operations, yard management, and cargo handling.
On the same day, General Manager Huang Nan of COSCO SHIPPING Specialized Carriers and his delegation conducted a series of high-level exchange activities.
That morning, the team visited the Saudi Eastern Province Ports Authority. General Manager Huang Nan introduced the operation and development of COSCO SHIPPING Specialized Carriers, and both sides held in-depth discussions on topics such as strengthening port-shipping connectivity and promoting the construction of base ports.
At noon, General Manager Huang Nan and his delegation visited Saudi Global Ports Co. Ltd. (SGP), where both sides exchanged views on the current status of port operations and possibilities for future cooperation.
In the afternoon, General Manager Huang Nan went to COSCO SHIPPING Lines (Saudi Arabia) Co., Ltd. and held a meeting with Mr. Tian Dong, Chairman of COSCO SHIPPING West Asia. General Manager Huang Nan expressed gratitude for the long-term support from the West Asia company and looked forward to further deepening cooperation in areas such as base port construction and regional synergy. Both sides agreed to strengthen communication for mutual benefit and jointly promote the sustainable development of the regional market.
Relevant persons in charge from the Operations & Container Management Department of COSCO SHIPPING (West Asia) Co., Ltd. and COSCO SHIPPING Lines Saudi Company, as well as representatives from COSCO SHIPPING Specialized Carriers (Southeast Asia) Company and the India-Africa Business Department, participated in the day’s activities.
