COSCO Shipping and bp forge closer ties

The memorandum of understanding recently inked in Shanghai includes cooperating on new development in the areas of Castrol marine lubricants and hydrocarbons transportation, offshore construction, methanol supply for bunkering and the offshore wind supply chain.

William Lin, bp group executive vice president, and Lin Ji, executive vice president of COSCO Shipping, witnessed the signing. Simon Yang, bp group senior vice president and bp China president, and Chen Wei, deputy head of the operations division of COSCO Shipping, signed the document on behalf of the two parties.

bp has been operating in China since the early 1970s and is one of the leading foreign-invested companies in China’s energy industry.

bp and COSCO Shipping have a longstanding history of cooperation, including the transportation of energy products, offshore equipment manufacturing services, and the supply of marine fuels and lubricants.