Tianjin Port Signs Strategic Co-operation Agreement With COSCO

The northeastern Chinese port of Tianjin is set to boost its volumes following an agreement with COSCO to create a regional port hub. Under the terms of the agreement, COSCO Shipping Lines will help to boost Tianjin’s container volumes by developing new routes, in order to realise Tianjin’s goal of being the hub port of Northeast Asia.

Both sides pledged to deepen their cooperation in green and smart port construction, governance, overseas project investments and international talent development to enable Tianjin to fulfil its role in the Belt and Road initiative. COSCO will also help to fulfil the role that the government has envisioned for Tianjin in the Beijing-Tianjin-Hebei Integration Plan, which will see northern Chinese cities and provinces using their comparative advantages and synergies to achieve regional growth…

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