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China COSCO Shipping Corporation Limited (branded as COSCO Shipping) is a Chinese state-owned multinational marine transportation service conglomerate, headquartered in Shanghai. [3] It was established in January 2016 by the merger between China Ocean Shipping Company and China Shipping Group Company .
On July 24, 2018, COSCO SHIPPING Lines reported a cyber attack to its operations in the United States, Canada, and South America. [16] [17] [18] COSCO later reported that the attack caused minimal disruption to its operations. [19] In 2018, COSCO SHIPPING Holdings acquired Hong Kong-based OOIL, the parent of OOCL, for US$6.3 billion. [20] [21]
Demurrage" / d ɪ ˈ m ʌ r ɪ dʒ / [1] in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession of the vessel for the purpose of loading and unloading beyond the time allowed by contract. [2]
Zim container ship SS Kedma, ZIM's first ship in 1947 SS Kedma 1947 SS Shalom, a ZIM ocean liner in the 1960s Mezada Mezada Victims. Zim Integrated Shipping Services Ltd., commonly known as ZIM (Hebrew: צים, tsim; a biblical word meaning "a fleet of ships", Numbers 24:24), is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers. [1]
COSCO Shipping Lines (COSCO) China: 3,092,220 491 10.8% [Note 4] Ocean Alliance 5 Hapag-Lloyd Germany: 2,004,030 274 7.0% [Note 5] THE Alliance (until February 2025) Gemini (from March 2025) 6 Ocean Network Express (ONE) Japan: 1,809,846 232 6.3% [Note 6] THE Alliance(until February 2025) Premier Alliance (from March 2025) 7 Evergreen Marine ...
COSCO Shipping Development Co., Ltd., stylized as COSCO SHIPPING Development is a financial services company based in Shanghai, China. It was known as China Shipping Container Lines (CSCL) and was among the world's largest container liner companies.
COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company. [1] COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. [2] [3] It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of 1,580,000 twenty-foot equivalent units (TEU), and a tanker fleet of 120 vessels ...
In 2003, COSCO Pacific is a co-investor of a phase of Qingdao Qianwan Container Terminal, for 20% shares of the SPV that carry the actual investment. [9] [10] In the same year, COSCO Pacific also formed a joint venture with PSA. [11] In 2008, COSCO Pacific made a bid for a 35-year concession to operate the container port of Piraeus.