COSCO SPLASHES OUT IN SHENZHEN AND SINGAPORE WITH TWIN LOGISTICS BETS
China’s largest containerline is doubling down on logistics at home and abroad, unveiling fresh investments in both the Pearl River Delta and Singapore’s Tuas megaport.
China’s largest containerline is doubling down on logistics at home and abroad, unveiling fresh investments in both the Pearl River Delta and Singapore’s Tuas megaport.
On September 15, COSCO Container (Hong Kong), a wholly-owned arm of COSCO Shipping Holdings, signed a joint venture agreement with COSCO Shipping Logistics (Guangzhou), Shenzhen Port Logistics Group, and CCCC Fourth Harbour to establish Shenzhen COSCO Shipping Smart Supply Chain.
The new company will be capitalised at RMB1bn ($140m), with COSCO Container holding a 37% stake. Its remit: to serve as a collecting and distribution hub in Yantian, anchored by high-spec warehouses, cold chain storage, customs-supervised facilities and a multi-functional logistics park. COSCO said the project is designed to cement its digital supply chain ambitions while strengthening its Pearl River Delta footprint.
The same day in Singapore, COSCO announced a separate tie-up with PSA, the world’s largest transshipment operator, at the city-state’s upcoming Tuas Port. A memorandum of understanding signed between PSA and Goldlead Supply Chain Development (Southeast Asia) – COSCO’s JV with its Singapore-listed subsidiary – paves the way for PSA Supply Chain Hub @ Tuas (PSCH), a state-of-the-art facility slated to open in 2027.
PSCH will combine warehousing, cold rooms, hazardous goods handling and distribution under one roof within the Tuas Free Trade Zone. PSA said the venture marks a step beyond container handling into integrated supply chain services, while COSCO described it as an extension of the companies’ long-standing partnership to “support the growing movement of high-value goods across Southeast Asia, China and the wider Asia-Pacific”.
Sam Chambers
