Maritime Information Systems AS (MARIS) has signed a Joint Development Agreement with COSCO/ENS to produce a range of low cost navigation and marine IT products for the world shipping market. The products, based upon proven MARIS technology, will be sold under both MARIS and COSCO/ENS badge names. China Ocean Shipping Company (COSCO) a national flag carrier of the People’s Republic of China, was established in Bejing in 1961 taking international shipping as its main line of business. COSCO has been the world’s fastest growing shipping company over the past decades. COSCO own and operate over 600 vessels of different types including container vessels, conventional vessels, timber carriers, refrigerated ships, passenger vessels, bulk carriers and oil tankers.