ALE signs MOU

Heavy lift and transport specialist ALE has signed a memorandum of understanding (MOU) agreement with Chinese shipping company Cosco Shipping Project Logistics Co. (COSCO). The two companies have agreed to work together on specific logistics and heavy lift projects.

Mark Foreman, director, South East Asia region, ALE, said, “Cosco has a well-established long-term and close cooperation with large state-owned enterprises, as well as vast experience in logistics project management. Matched with our specialist heavy transportation and lifting equipment, we can complement and strengthen each other’s’ capabilities. This mutually beneficial agreement means we can ultimately actively seek a larger market share both nationally and globally.”