Sino-Global Shipping America (NASDAQ: SINO) this morning said it has entered into a strategic cooperation agreement with China Ocean Shipping Agency Qingdao Company (“COSCO”) in which COSCO will use Sino-Global’s logistics platform to transport its container shipments into U.S. ports in exchange for a percentage of the total amount of each transportation fee. The agreement reinforces the companies’ ongoing partnership and will expand Sino-Global’s presence in the Shandong province, as well as in other regions, through COSCO’s relationships with local subsidiaries in the area. “We continue to seek strategic partnerships and joint venture opportunities that will expand the Company’s reach and reinforce our long-term strategic vision of becoming a global logistics services provider. We look forward to growing our cooperative efforts with COSCO and to entering into similar partnerships with other local subsidiaries,” Sino-Global CEO Lei Cao stated in the news release.
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About Sino-Global Shipping America, Ltd.
Founded in the United States in 2001, Sino-Global Shipping America, Ltd. is a company engaged in shipping, chartering, logistics and related services. Headquartered in New York, Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The company’s current service offerings consist of inland transportation management services and freight logistic services. Additional information about Sino-Global can be found on the company’s corporate website at www.sino-global.net. The Company routinely posts important information on its website.
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