Hong Kong, March 8, 2018 – COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP”, HKEX stock Code: 1199), the world’s leading ports operator, today announced it has entered into a subscription agreement with Navis, for its N4 terminal operating system (TOS), with the goal of further enhancing the efficiency of its port operations.
N4 is the flagship system of Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain.
Zhang Wei, Vice Chairman and Managing Director of COSCO Shipping Ports, said, “2017 marked a successful year for our globalization and increasing control in port companies. At present, CSP operates and manages 269 berths at 38 ports worldwide, of which 179 are for containers, with a combined annual handling capacity of approximately 103 million TEU. In addition, the number of subsidiaries has increased from 9 in 2016, to 15. While we continue to expand our world-class portfolio of assets, we are committed to providing quality and efficiency services to customers at home and abroad. At CSP, we understand well that continuous improvement of the operating efficiency and sustainable development of the ports and terminals will further enhance our competitiveness. We are happy to work with Navis, with its unmatched experience in TOS and collaborative solutions and with N4 serving as the brain and localized source of information for the day-to-day operation of our terminal business, we are better equipped to meet the needs of today’s carriers and large container ships coming to call.
Benoit de la Tour, President of Navis said, “We are continuing on our path towards large, strategic agreements with some of the biggest global terminal operators and shipping lines in the world and this partnership with COSCO SHIPPING Ports is an opportunity for Navis to deliver its leading innovation and global optimization services to an expanding network of terminals. The transformation from smaller, competing point solution vendors to Navis demonstrates CSP’s commitment to driving improved optimization and performance for a broad set of ocean trade entities. ”