China COSCO Shipping Corporation Limited

Cosco Shipping Lines is a world leading shipping company established in 1997 with its head office in Shanghai, China. The company is engaged in domestic and international maritime container transport services with a total of 235 corporate enterprises, including 97 domestic enterprises and 138 enterprises abroad. In 2018, Cosco Shipping holdings successfully acquired Orient Overseas (International) Limited (OOIL), a leading Hong Kong container shipping company. With the acquisition, the company has the combined total shipping capacity of 2.76 million TEUs. It has wide coverage services in 105 countries including 356 ports and 401 routes. In Kuwait, Cosco’s local partner is Mohamed Abdulraham Al Bahar Shipping CO. L.L.C.

12 Nov 2020

As of July 31, 2020, the total fleet of COSCO SHIPPING comprises of 1362 vessels with a capacity of 108.75 million DWT, ranking No.1 in the world. Its container fleet capacity is 3.10 million TEU, ranking the third in the world. Its dry bulk fleet (449 vessels/43.18 million DWT), tanker fleet (208 vessels/26.17 million DWT) and general and specialized cargo fleet (147 vessels/4.27 million DWT) are all topping the world’s list. Thanks to its complete global service network, COSCO SHIPPING has become a top international brand. The upstream and downstream links along the industry chain, such as terminals, logistics, shipping finance, ship repair and shipbuilding, have formed a sound industrial structure. The Corporation has invested in 59 terminals, including 51 container terminals, all over the world. The annual throughput of its container terminals amounts to 126.75 million TEU, taking the first place worldwide; the global sales volume of its bunker fuel exceeds 27.70 million tons, which is the largest in the world; and the container leasing business scale reaches 3.70 million TEU, the second-largest in the world. Its offshore engineering manufacturing competence and vessel agency business are also leading in the world. The vision of China COSCO Shipping is to undertake the mission of globalizing Chinese economy, consolidate advantageous resources, take global shipping, integrated logistics, and shipping related financial services as core business, and develop diversified industrial clusters, so as to build a world-leading business entity that provides integrated logistics and supply chain services. Focusing on four strategic dimensions, which are “scale growth, profitability, anti-cyclical capability and building a global company”, the Group highlights the “6+1” industrial clusters layout. The “6” is shipping, logistics, finance, equipment manufacturing, shipping services, and social services industrial clusters. The “1” means “Internet Plus” business based on business model innovation. This layout will help facilitate the integration of shipping factors and build a world-class logistics service provider.

3 Oct 2020