Two fast expanding Chinese logistics service providers, China United Lines (CULines) and Antong Holding are teaming up for joint development in shipping and logistics.

The two companies have entered into capital investment cooperation framework agreement at Guangzhou, planning to make investments in shipping and logistics-related sectors. 

Last year, CULines and Antong jointly deployed twelve 4,250 teu containerships servicing for Asia-Europe and Transpacific routes.

“To cope with market fluctuations recently, the two companies will collaborate on service upgrading and promote shipping business focus on domestic dual circulation,” said CULines. 

Source : seatrade-maritime.