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CSCL and Nippon Express to establish joint venture
POSTED: 8:52 a.m. EDT, August 7,2007
China Shipping Container Lines (CSCL) has signed a letter of intent to set up a joint venture with Japan's largest logistics company Nippon Express.
The move was in a bid to combine the two companies competitive strengths in container shipping and logistics and provide customers with higher-quality service, reports Xinhua.
China Shipping Group vice president Zhang Guofa, CSCL managing director Huang Xiaowen and senior managers from the Nippon Express attended the agreement signing ceremony. |
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