COSCO Expands Logistics with New Deals in China & Singapore

China’s largest container carrier is ramping up its logistics operations both domestically and overseas, unveiling new projects in the Pearl River Delta and Singapore’s Tuas megaport.

On September 15, COSCO Container (Hong Kong), a fully owned subsidiary of COSCO Shipping Holdings, signed a joint venture agreement with COSCO Shipping Logistics (Guangzhou), Shenzhen Port Logistics Group, and CCCC Fourth Harbour to launch Shenzhen COSCO Shipping Smart Supply Chain.

The new company, capitalized at RMB 1 billion ($140 million), will see COSCO Container take a 37% stake. The venture is set to develop a collection and distribution hub in Yantian featuring high-specification warehouses, cold chain facilities, customs-supervised storage, and a multifunctional logistics park. COSCO said the project will bolster its digital supply chain strategy while enhancing its presence in the Pearl River Delta.

That same day in Singapore, COSCO revealed a separate partnership with PSA, the world’s largest transshipment operator, at the future Tuas Port. Through a memorandum of understanding signed between PSA and Goldlead Supply Chain Development (Southeast Asia) - a COSCO joint venture with its Singapore-listed subsidiary - the companies announced the creation of PSA Supply Chain Hub @ Tuas (PSCH), set to open in 2027.

The hub will integrate warehousing, cold storage, hazardous goods handling, and distribution under one facility inside the Tuas Free Trade Zone. PSA described the project as a move beyond container handling into full supply chain services, while COSCO called it an expansion of their long-term partnership to “support the growing movement of high-value goods across Southeast Asia, China and the wider Asia-Pacific.”