Guangzhou Yuanhai Automobile Shipping Co., Ltd. Signed a 10-year COA Agreement with Dongfeng Liuzhou Automobile Co., Ltd. Import and Export Company

On October 10th, Guangzhou Yuanhai Automobile Shipping Co., Ltd. and Dongfeng Liuzhou Automobile Co., Ltd. Import and Export Company signed a 10-year COA agreement (contract of affreightment) in Guangzhou.

"The security of China's automobile export supply chain cannot be ensured without China's own automobile fleet, and the development of China's automobile fleet needs the coordinated strategic support of Chinese brands. I have to give special thanks to Dongfeng Liuzhou for its support and trust in Yuanhai. The signing of the first 10-year COA agreement is not only of great significance to the company, but also a milestone in the history of Chinese automobile development." Zhu Guihua, general manager of Yuanhai Automobile Shipping, said.

In the past two months, Zhu Guihua and his team have visited more than ten Oems intensively to understand the needs of customers. On the one hand, they are trying to improve their own vehicle and ship capacity and accelerate the layout of new ships in the coming years. On the other hand, we constantly call on all major Oems in China to support the Chinese car fleet to the greatest extent, just like Japanese and Korean did. The development of Yuanhai will undertake the mission of ensuring the safety of China's auto export supply chain, and it needs strong support and deep cooperation from China's own auto companies so as to continuously expand the fleet size, expand routes, improve service capabilities and then to ensure China's auto export.

China is now the second-largest exporter in the world as well as the largest consumer of automobiles. In recent years, the product capability of Chinese brands continues to improve, and the global competitive advantage becomes more and more prominent, which brings new valuable opportunities for auto enterprises to speed up overseas market and move towards internationalization. Overseas market has also become a new driving force for the sales growth of auto enterprises. However, the strong demand from Chinese car companies to go abroad is also driving up the rates of international car carriers, which are experiencing unprecedented increases.

Dongfeng Liuzhou Automobile Co., Ltd. Import and Export Company is fully responsible for the export and overseas business. Relying on the company's strategy of "development in both business and passenger vehicles" and "two wings in one body", vehicle and KD business has covered Southeast Asia, Central and South America, the Middle East and other regions, and focuses on the layout and development of the European market. Feng Jie, deputy general manager of the company, believes that the safe and smooth export channel of Chinese automobile brands needs the strength and responsibility of "national team", which are the central enterprises. He said, "We are particularly honored to have signed the first 10-year COA agreement with Yuanhai, and able to make a modest contribution to the development of China's automobile fleet. We both have an urgent need to expand our automobile export transportation capacity. Relying on our respective resources, product and industry advantages, the two sides will carry out in-depth cooperation on the export of commercial vehicles by sea, and jointly create a smoother and safer logistics channel for China's advanced manufacturing industry to enter the international market and for Chinese automobile brands to gain global fame."

Reprinted from: China Transportation News Network