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In 1964 China Ocean Shipping Co. established a subsidiary in Shanghai, COSCO Shanghai, which later specialized in container shipping. Container ship COSCO Hamburg , San Francisco, California, 2007 In 1978, COSCO Shanghai's MV Ping Xiang Cheng transported 162 TEU from Shanghai to Sydney, Australia , which was the first international container ...
Sinotrans operates railway freight connections from four centers in China. The operation centers are in Guangzhou , Shenzhen and Dongguan in Guangdong , and in Changsha , Hunan . [ 6 ] The international railway freight network is an implementation of the Belt and Road Initiative .
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] China Shipping's other subsidiaries operated oil tankers, tramps, passenger ships, and car ...
The firm also provides shipping agency and fleet management services and ships liquefied natural gas, among other activities. [ 4 ] Sinotrans Shipping was established in 2003 [ 1 ] as a subsidiary of Sinotrans Limited , and was listed on the Hong Kong Stock Exchange in 2007 with an IPO price of HK$8.28 per share ,. [ 5 ]
China Ocean Shipping Company (abbreviated as COSCO) was a former shipping corporation from 1961 to 2016, owned by the State Council of China. The company merged with China Shipping Group Company to form China COSCO Shipping Corporation in January 2016. COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company. [1]
Orient Overseas (International) Limited (OOIL) is a Hong Kong, China based investment holding company involved in international transportation and logistics, and property investment and property development. [2] It is the parent company of Orient Overseas Container Line (OOCL), one of the world's largest container shipping companies. [3]
Sinotrans Changhang, or Sinotrans&CSC Holdings, is the largest logistics company of the People's Republic of China, with further interests in shipping and shipbuilding.The group is state-owned and was formed in March 2009 by the reorganisation of two other state-owned enterprises, the China National Foreign Trade Transportation (Group) Corporation and the China Changjiang National Shipping ...
A major effort has also been made to increase mechanization and containerization at major international ports. China's shipping industry and container transportation have reached international standards both in handling efficiency and building networks. The governmental responsibility of the shipping industry is under the Ministry of Transport.