COSCO, Massachusetts Port Authority Sign Terminal Services Agreement

The Peoples Daily ^ | 01/25/02

[Enemy Of The State]

The China Ocean Shipping Group Company (COSCO) and Massachusetts Port Authority of the United States signed a Terminal Services Agreement Thursday that will bring COSCO ships to the Port of Boston, providing a weekly direct service between Asia and Boston.

President and CEO of the COSCO Wei Jiafu,Senior Vice-President of the Massachusetts Port Authority Michael A. Leone and U.S. Ambassador to China Clark T. Randt attended the signing ceremony.

COSCO has so far opened 13 lines to US ports

Wei told the ceremony that it has been over 20 years since COSCO entered the U.S. market, and COSCO has so far opened 13 lines to bring its ships to the eastern and western ports of the United States.

WTO entry to bring more potential for China-US trade cooperation

Wei expressed belief that now that China has become a member of the World Trade Organization (WTO), there will be more potential for China-U.S. trade cooperation. COSCO is ready to contribute to promoting China-U.S.trade relations and the friendship between the two countries, he said.

To put new life into the Port of Boston

Leone said that the agreement has put new life into the Port of Boston, and it will bring substantial additional container traffic through the port.

Randt extended congratulations to both sides, and said that he hoped that the bilateral cooperation could be further improved by their joint efforts.

The new service will begin March 21, when the first COSCO ship arrives in Boston.

• Boston port's expanded carrier services

  Asia is New England's primary trading partner, and new carrier services must be initiated in order to serve the needs of New England importers and exporters. As of now, Boston's all-water service to Asia is via feeder barges to New York and a feeder vessel to Halifax. Although these services are cost-effective, the total travel time involved makes the service not competitive with direct call cargo routing. Massport's top priority is to secure direct vessel service to Asia as a first inbound port for ships traversing the westbound route via the Suez Canal.

• COSCO brief introduction

  China Ocean Shipping(Group) Company is a large conglomerate taking international shipping as its core business. The mission of COSCO Group is to be a world leader in shipping and logistics services by maintaining trustworthy relationships with our customers, employees and partners, yielding best returns for shareholders, society and environment.

• The development of COSCO

• Modern enterprise system of COSCO

Questions?Comments? Click here

[Enemy Of The State]

The PLA would never have to "invade" the US, we have already opened the door for them

[B4Ranch]

Massachusetts is only one more harbor they have access to. Won't be too long before we are surrounded by them. That's when we will find out who has Patriot brains and who has Traitors brains.

[boston_liberty]

maybe I should apply for a job and drive them out with my rude bostonian ways.

[Enemy Of The State]

LoL...Yeah and tell them you will work for no pay...the shear satisfaction of knowing you are getting under their skin will be enough to keep you happy...

[Black Jade]

The PLA would never have to "invade" the US, we have already opened the door for them

Like I just said on another thread, that's not something that is going to happen with a COSCO contract in Boston or anywhere else. We need to keep a perspective and keep our facts straight so that we concentrate on what are realistic dangers so that we don't go on wild goose chases after something that won't happen in the real world.

COSCO is a commercial firm with ties to the PLA leadership, but COSCO has no authority to dispatch troops or to conduct military operations for the PLA. They do have a history of intelligence gathering for the PRC and the main problem with COSCO is the triad connections. COSCO has a history of engaging in black market operations, such as smuggling drugs, pirated goods, AK47s, and human trafficking. Here's one example of what we should be concerned about: COSCO CAUGHT SHIPPING 87 POUNDS OF HEROIN

[Enemy Of The State]

I wasnt refering to a Military invasion of the US mainland...There is more than one way to invade a country without ever firing a shot and they Chinese have that tactic down to the T.

[Black Jade]

The reason why I mentioned this is that you would be amazed at how much misinformation is floating around here on COSCO and Hutchison Whampoa contracts. I've seen people on some threads who actually believe that the PLA has a military base in Panama or that the PLA has launched an invasion of the canal.

[Cindy]

CHINESE COMPANIES WITH TIES MILITARY ENCIRCLE U.S. (COSCO)

[Enemy Of The State]

oh how true...isnt it ironic that our military now seems to be doing the same thing to China? A base in Vietnam? I never thought I would see the day...

[Black Jade]

The analogy with commercial arrangements may hold, but the PRC does not have military bases or any military isntallations in the Western hemisphere. On the other hand, there are US bases in Asia surrounding China.