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In December 2018, COSCO Shipping Ports secured a 35-year concession to operate and develop a newly built container terminal in Khalifa Port. [18] In November 2019, the company invested $660 million to upgrade the Piraeus container port , Greece's largest port.
In 2018, COSCO SHIPPING Holdings acquired Hong Kong-based OOIL, the parent of OOCL, for US$6.3 billion. [20] [21] In 2021, COSCO became one of the first global shipping companies to utilize the blockchain-enabled efficiency improvement application Cargo Release. [22] Cosco has a terminal at Abu Dhabis new Khalifa Port.
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]
The group includes terminal operators like APM, owned by Danish container carrier Maersk, as well as the U.S. arms of other major carriers like China's COSCO Shipping and Switzerland's MSC.
The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal dispute regarding exclusivity rights to a ...
COSCO Pacific has a joint venture with Hongkong International Terminals Limited, which operates a terminal in Kwai Tsing Container Terminals, Hong Kong since 1991. [26] COSCO Pacific acquired 49% stake of COSCO Logistics from the parent company in 2003. COSCO retained the remaining 51%. [23]
Port of Chancay in 2024. In the first expansion phase, around one million containers can be handled per year. [4]The port of Chancay possesses significant advantages compared to other ports in the South Pacific: a natural draft of 17.8 meters (58.4 feet) and a strategic geographic position on Peru's central coast, in proximity to the port of Callao, Jorge Chávez International Airport, and the ...
Hongkong International Terminals Limited (HIT) (Chinese: 香港國際貨櫃碼頭) operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals and another four at Terminal 8 through a joint venture with COSCO SHIPPING Ports and Asia Container Terminals. HIT is the largest container terminal operator in Hong Kong.