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HUAL AND COSCO SIGN COOPERATION AGREEMENT

HUAL AND COSCO SIGN COOPERATION AGREEMENT

   HUAL, the Norwegian shipping company, has signed an agreement with the China Ocean Shipping Co. group for cooperation in the field of roll-on/roll-off/car operations to and from the People’s Republic of China.

   The agreement covers joint marketing, tonnage cooperation and exchange of staff.

   “China’s great potential for import and export of vehicles and other ro-ro cargo is widely recognized,” HUAL said. The Norwegian company believes that the combination of COSCO and HUAL “offers a high quality ro-ro/car logistics partnership for the future.”