On September 20, Dafei's logistics subsidiary, CEVA Logistics, announced that it had signed a new multi-year cooperation agreement with South Korean shipping company HMM to provide more shippers with shipping services.

Kehua Logistics stated that this multi-year agreement, which will last until 2025, is based on the existing relationship between the two companies and will expand Kehua Logistics's strategic shipping partner network to 14 global and regional carriers. Although HMM is already the existing sea carrier of Kiwa Logistics, the new agreement expands this relationship and both sides agree to improve their cooperation.

as an independent NVOCC, Kihua Logistics handles FCL and LCL cargo to and from 237 countries around the world. The company provides more than 60000 pairs of ports and more than 600,000 end-to-end combinations. In 2021, Kiwa Logistics handled about 1.4 million TEU of FCL and LCL marine cargo.

Stephane Gautrais, head of global shipping at Kiwa Logistics, said: "Our position as a leading NVOCC depends on the strong relationship we maintain with sea carriers. Despite the challenging market conditions, HMM has proven to be a strong and reliable partner in the past few years. The agreement strengthens and expands our desired long-term strategic relationship, enabling us to establish important links in global trade services and provide services to our freight customers."

HMM's chief global trade manager Jeremy Choi said: "Kihua Logistics has always been a long-term partner of HMM and is recognized as a VIP customer working with HMM. We cherish the strategic relationship and business cooperation we have established over the years. Based on this agreement, we hope that the two companies can jointly create and provide more feasible and fruitful solutions for customers in the market in need."

Jihua Logistics is the world's leading third-party logistics company, providing global supply chain solutions to connect people, products and suppliers around the world. Headquartered in Marseille, France, it provides a wide range of end-to-end customized solutions in contract logistics and freight management in 170 countries/regions around the world, with more than 1300 factories and about 110000 employees. Kiwa Logistics's estimated revenue for 2021 is US $17 billion.

Source: Search.com