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- Sinochem, Sinotrans sign oil shipping deal
Date: 26-Apr-2007 Sources: (Shenzhen Daily)
CHINESE freight-forwarding services provider Sinotrans Group Corp. said Tuesday it will provide global oil shipping and logistics services to Sinochem Corp., the country's fourth largest oil company.
Under an agreement signed April 18, Sinotrans will provide Sinochem with oil transportation by sea, air, railway and road, as well as storage services, to increase logistics efficiency and lower costs, Sinotrans said on its Web site. It didn't say how much oil or other petrochemical products Sinotrans will transport for Sinochem this year.
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