Cosco says that the MOU does not create any legally binding collaboration between parties and may or may not lead to any definitive agreement in relation to the intended collaboration.
A JV company of Cosco Shipping International has entered a memorandum of understanding (MOU) with PSA Port Ecosystem (PSA), together with two other companies, for possible collaboration of warehouse building called PSA Supply Chain Hub @ Tuas.
Cosco’s JV, with Supply Fortune Limited, and Goldlead Supply Chain Development are seeking to establish a regional distribution centre in Singapore to serve markets in Southeast Asia and/or Asia, with the bulk volume meant for regional transshipment.
