DP World, Cosco Shipping Sign Stevedoring Deal for Australia
- Business & Finance
Port operator DP World Australia has signed a new agreement with COSCO SHIPPING Lines to be their stevedore of choice on the company’s major services into Australia.
The contract delivers the majority of containers through DP World Australia for an extended contract period, “resulting in a stronger relationship between the companies,” according to Paul Scurrah, DP World Australia CEO and Managing Director.
“We are incredibly pleased to be chosen as the stevedore and logistics partner of choice by COSCO SHIPPING lines as they continue to successfully grow their volumes between Asia, Australia and the rest of the world,” Brian Gillespie, DP World Australia Chief Commercial Officer, said.
COSCO SHIPPING Lines, which has services in Australia calling at terminals in Brisbane, Sydney and Melbourne, is growing their global market share in a competitive global shipping market.
“Last year, we selected DP World Australia as our major stevedore service for our Australian flagship A3 services,” Yong Pan, Managing Director of COSCO SHIPPING Oceania, said.
“This agreement confirms our selection of DP World Australia as our stevedoring and logistics partner in Australia.”