X-Press Feeders Group has signed two significant agreements with Cosco Shipping Lines to expand feeder capabilities and improve supply chain reliability. The announcement was made last week in Singapore.
The partnership covers feeder services in Asia, the Middle East, Europe and Latin America, and includes a vessel leasing agreement, with Cosco Shipping receiving priority charter rights to new X-Press Feeders vessels for joint use on global services.
The agreement reflects the companies’ shared commitment to building a more sustainable and efficient shipping network, said Francis Goh, COO of X-Press Feeders. The new collaboration will enhance synergies between mainline and feeder lines and contribute to reducing emissions in the industry.