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In 1978, COSCO Shanghai's MV Ping Xiang Cheng transported 162 TEU from Shanghai to Sydney, Australia, which was the first international container voyage by a Chinese company. [ 1 ] : 56 [ 2 ] [ 3 ] [ 1 ] [ 4 ] Thereafter, COSCO Shanghai commenced a monthly container service running two 200 TEU container ships between Shanghai, Xingang , Sydney ...
The group was a Chinese state-owned multinational transportation conglomerate. By May 2014, China Shipping's container shipping subsidiary – China Shipping Container Lines – operated 156 container vessels with 656,000 TEU capacity. [6] China Shipping Container Lines' container ship CSCL Globe was the world largest in 2014. [7]
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 ...
The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of COSCO and now part of its successor, COSCO Shipping. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent from 2003 [2] to 2014. [3]
At that time, COSCO International was the second largest shareholder of Sino-Ocean Group for 16.85% stake. [14] In 2015, the ultimate parent company, COSCO, merged with China Shipping Group to become China COSCO Shipping, or known as COSCO Shipping. Thus, the listed company was renamed into COSCO Shipping International (Hong Kong) Co., Ltd.. [15]
Ship Built DWT TEU Flag IMO Notes Chuan He: 1997: 69,285: 5,446 China 9120798: Jin He: 1997: 69,283: 5,446 Panama 9120786: Scrapped in 2017 Lu He: 1997: 69,285: 5,446 ...
China International Marine Containers (Group) Co., Ltd (CIMC; Chinese: 中集集团) is a Chinese company principally engaged in the manufacture and sale of transportation equipment, such as containers, road transport vehicles and airport ground-handling equipment.
The businesses and subsidiaries of both China Shipping and COSCO were integrated into one conglomerate. [22] The merger was triggered by a downturn in the container and marine shipping industry that stymied the financial health of both China Shipping and COSCO, thus motivating the two to unite and endure the decline together.