On September 8, COSCO Shipping Bulk Co., Ltd. (hereinafter referred to as "COSCO Shipping Bulk") and Xiamen ITG Group Corp., Ltd. (hereinafter referred to as "ITG Group") signed a strategic cooperation agreement to jointly discuss and build a new channel for export breakbulk liner services.

COSCO Shipping Bulk stated that this cooperation has defined a new route cooperation model and business layout direction. According to the agreement, the two parties will use domestic ports as base ports, jointly operate export breakbulk liner routes, and work together to cultivate and expand overseas route markets. In the future, COSCO Shipping Bulk will fully leverage its advantages in global shipping networks and ship operation management, join hands with ITG Group to deeply integrate logistics and trade business formats, improve quality and efficiency through digitalization and intelligentization, comprehensively upgrade the integrated cross-border end-to-end logistics service system, provide customers across the entire industrial chain with higher-quality and more convenient cross-border logistics service support, and jointly build a modern shipping supply chain ecosystem featuring mutual growth and shared prosperity, as well as stable and long-term development.

Huang Nan, Director and General Manager of COSCO Shipping Bulk, and Cai Yingbin, Chairman of ITG Group, attended the ceremony and witnessed the signing. The heads of COSCO Shipping Bulk's Handysize Division and Shanghai Branch, and Lin Haiyu, Assistant to the President of ITG Group, attended the signing ceremony.

According to ITG Group's official website, the company was founded in 1980. It is a state-controlled listed company headquartered in Xiamen, Fujian. It was listed on the Shanghai Stock Exchange in 1996 (600755.SH) and is a core member enterprise of ITG Holding Group, a Fortune Global 500 company. The company's logistics business integrates comprehensive supply chain industry service experience and, through its own vessels, warehouses, yards, fleets, freight forwarding and customs brokerage agencies, as well as a strong outsourced logistics system, provides customers with one-stop, customized integrated logistics service packages.