On November 24, Tianjin Port Co., Ltd., COSCO SHIPPING Port Company and China Merchants Port Company jointly signed the "Tianjin Port Container Terminal Co., Ltd. Joint Venture Contract" in Tianjin, and will jointly invest, operate and manage Tianjin Port Container Terminal Co., Ltd. The signing is a concrete action by the three parties to jointly implement the spirit of General Secretary Xi Jinping's important instructions and accelerate the construction of a world-class port. It is a major measure for the two central enterprises to help the high-quality economic development of Tianjin, and sets a new benchmark for the cooperation between domestic port and shipping enterprises. Liao Guoxun, Deputy Secretary of Tianjin Municipal Party Committee and Mayor, Sun Wenkui, Deputy Mayor, Meng Qingsong, Secretary General of the Municipal Government, and Wan Min, Chairman and Secretary of the Party Leadership Group of COSCO SHIPPING Group attended the signing ceremony.

Cai Yunpeng, Deputy Secretary-General of Tianjin Municipal Government, Wang Kuichen, Secretary and Director of the Party Committee of the Tianjin Municipal Transportation Committee, Zhang Yong, Secretary and Director of the Party Committee of the Municipal State-owned Assets Supervision and Administration Commission, Du Wei, Director of the Research Office of the Municipal Government, Shan Zefeng, Deputy Secretary of the Party Committee and Acting Mayor of Binhai New Area; COSCO SHIPPING Feng Bo, deputy general manager of the group and member of the party group, Yang Zhijian, chairman and general manager of COSCO SHIPPING Lines, Wang Ran, chairman and general manager of COSCO SHIPPING Tianjin Company; Zhang Dayu, general manager of COSCO SHIPPING Port Company; Zhang Yiming, deputy general manager of China Merchants Port Company; Tianjin Chu Bin, Secretary of the Party Committee and Chairman of the Port Group, Luo Xunjie, Vice President of Tianjin Port Group, and Song Tianwei, President of Tianjin Port Co., Ltd. participated. Song Tianwei, Zhang Dayu and Zhang Yiming signed the contract on behalf of the three parties.

In February 2021, Tianjin Port Co., Ltd. signed an equity transfer agreement with COSCO SHIPPING Port Co., Ltd., whereby COSCO SHIPPING Port Co., Ltd. acquired a 34.99% stake in Tianjin Port Container Terminal Co., Ltd. from Tianjin Port Co., Ltd. Now the transaction has completed the relevant procedures and realized The project landed. The signing of the joint venture contract by the three parties is a win-win move for deepening the cooperation in the port and shipping industry chain. It will further optimize the route layout of Tianjin Port and help accelerate the construction of a world-class port. The three parties agreed that they will take this cooperation as an opportunity to give full play to their respective advantages, promote the high-quality development of containers in Tianjin Port, help make Tianjin North International Shipping Hub bigger and stronger, and better serve the coordinated development of Beijing-Tianjin-Hebei and jointly build the "Belt and Road". "Contribute to the strength of port and shipping.