To further deepen cooperation between Zhoushan Chaonghong International and senior leadership of COSCO Bulk Carrier Co., Ltd. in the spirit of the instructions and to expand areas of cooperation, comprehensively approach to improve the level of cooperation, both leaders signed a strategic cooperation agreement on February 26, 2016.
COSCO Bulk is a state-owned large enterprise by COSCO Group which deals in dry bulk cargo ship and management of companies specializing in the field of old ship dismantling, maintenance and management. It has continued to raise huge potential demand. Over the years, COSCO Bulk have a long history in repeatedly cooperation with Changhong International in the ship breaking business, and have accumulated a lot of successful experience, thus establishing a good relationship with each other.
On the signing ceremony, COSCO Bulk said it would consolidate international shipbreaking operations with Changhong International; provide advanced and professional shipping management and technical support in ship repairing business. Changhong International also said it would give full support of COSCO Bulk in ship dismantling aspects, provide efficiency and effectiveness, and constantly strengthen the ship repairing power.