Under the agreement, COSCO Beijing International Freight Co., Ltd. is gaining the use of Sino-Global’s logistics platform to arrange for the transport of its container shipments to U.S. ports.
Sino-Global Shipping America, Ltd., a non-asset based global shipping and freight logistics integrated solutions provider, said it has signed an inland transportation agreement with COSCO Beijing International Freight Co., Ltd. (COSFRE Beijing) and entered into a collaborative partnership with Sinotrans Guangxi.
Under the agreement between COSFRE Beijing and Sino-Global, COSFRE Beijing will use the company’s logistics platform to arrange for the transport of its container shipments to U.S. ports.
“Sino-Global will receive a percentage of the total amount of each transportation fee in exchange for the arrangement of inland transportation services for COSFRE Beijing’s container shipments into U.S. ports,” Sino-Global said. “COSFRE Beijing will receive a percentage of the company’s profits for any additional customers the company obtained through referral business.”
COSFRE Beijing is part of COSCO International Freight Co., Ltd., a subsidiary that operates under China Ocean Shipping (Group) Company and China COSCO Holdings.
Meanwhile, under Sino-Global’s agreement with Sinotrans Guangxi, a subsidiary of Sinotrans Limited, the two will work together to develop an integrated logistics plan that provides an end-to-end supply chain solution for customers shipping soybeans and sulfur by containerships from the U.S. to southern China.
Sino-Global and Sinotrans Guangxi intend on utilizing both parties’ existing resources, and the integrated logistics channel is expected to provide a variety of services, including cargo forwarding, trucking and customs declaration, filing, packing, inland transportation, and the arrangement of key personnel to assist in the implementation of the companies’ shared strategic vision, Sino-Global said.
Sino-Global inks deal with COSCO subsidiary
