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COSCO SHIPPING Signed a Strategic Cooperation Framework Agreement with Furuno Electric and Heisei Trading

On March 20, COSCO SHIPPING signed a strategic cooperation framework agreement with Furuno Electric and Heisei Trading in Shanghai. The three parties decided to establish a comprehensive strategic partnership. Capt. Xu Lirong, Chairman and Secretary of Party Committee of COSCO SHIPPING and management of Furuno Electric and Heisei KK attended and witnessed the signing ceremony. Mr. Wang Yuhang, Executive Vice President of COSCO SHIPPING; Yukio Furuno, President of Furuno Electric, and Tomohiro Imae, President of Heisei Trading signed the agreement on behalf of the three parties

Furuno Electric is a world-renowned manufacturer of ship communications, navigation and maritime electronic products, and boasts rich experience in equipment R&D, production management, sales and global services. Heisei Trading, the sales agent for Furuno products in China, has extensive experience in providing a wealth of marine equipment, including Furuno products, for Chinese ship-owners and shipyards.

With the principle of equality, mutual benefit and common prosperity, COSCO SHIPPING, Furuno Electric, and Heisei Trading unanimously agreed to establish a long-term cooperation partnership in a wide range of business areas, give play to their respective business advantages, and strengthen cooperation in R&D, production, sales and service regarding ship communications and navigation products as well as related technology applications.

The heads from related divisions of COSCO Shipping Group headquarters and Shanghai Ship and Shipping Research Institute also participated in the agreement signing.

Company profile
Established on 28th August, 1994, COSCO SHIPPING (Hong Kong) Co., LIMITED acts as a vital part of China COSCO Shipping Corporation Limited (hereinafter referred to as China COSCO Shipping Group or the Group) in terms of service industry and social industrial cluster with main business including shipping service, highway, information technology, industrial manufacture, freight services and overseas property development etc. COSCO Shipping Group has engaged in business in Hong Kong for more than 60 years and has developed one of the large Chinese enterprises in Hong Kong.
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