China Ocean Shipping (Group) Company (COSCO)

Updated: 2006-11-20 16:38

Founded on April 27, 1961 as the pioneer of international shipping carrier in China, together with the reconstruction of national transportation resources on February 16, 1993, China Ocean Shipping (Group) Company (COSCO) has grown into a $17 billion corporation by clearly focusing on the goal of enabling commerce around the globe.

The company is an international giant, specializing in shipping and modern logistics, serving as a shipping agency and providing with services in freight forwarding, shipbuilding, shiprepairing, terminal operation, trade, financing, real estate and IT industry as well. Currently, with over 40 years of arduous efforts, COSCO has successfully molded itself into a global company with one of the most recognized and admired brand name in the world. As far as the fleet capacity is concerned, the company now own and operate a variety of merchant fleet of some 600 vessels with total carrying capacity of up to 35 million DWT, achieving annual traffic volume of more than 300 million tons.

As a global company with shipping and modern logistics as the core business, COSCO cherishes its abundant resources of hundreds of member units and service networks both at home and abroad. In China, the company¡¯s wholly-owned subsidiaries are widely located in Guangzhou, Shanghai, Tianjin, Qingdao, Dalian, Xiamen and Hong Kong. The subsidiaries own and operate various types of ocean shipping fleets for the shipment of containership, bulk carrier, oil tanker as well as specialized carrier. The company has also formed a transnational operating network capable of reaching all major areas of the world. Ships and containers with the conspicuous "COSCO" logo are shuttling among 1,300 ports in more than 160 countries and regions around the world.

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