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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. [2] It was established in January 2016 by the merger between China Ocean Shipping Company and China Shipping Group Company .
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]
The company has 255 international routes, calling at 356 ports in 105 countries., [10] COSCO SHIPPING Lines has ordered several mega-ships, such as the 20,000 TEU COSCO Shipping Taurus and the 21,000 TEU Universe-class container ships. On June 26, 2016, COSCO Shipping Panama became the first vessel to sail through the newly widened Panama Canal.
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 ...
As of 31 December 2019, fellow listed company COSCO Shipping Holdings is the parent company of COSCO Shipping Ports. COSCO Shipping Holdings (via subsidiaries "COSCO Investments" and "China COSCO (Hong Kong)") owns 47.26% shares of COSCO Shipping Ports. [18] COSCO Shipping Holdings is in turn parented by China Ocean Shipping Company (COSCO) and ...
In service [5] COSCO Shipping Libra: C20K-2 9783538 17 Jul 2018 In service [6] Nantong Cosco KHI Ship Engineering (19273 TEU) COSCO Shipping Aries: NE231 9783497 15 Jan 2018 In service [7] COSCO Shipping Leo: NE232 9783502 23 Apr 2018 In service [8] COSCO Shipping Capricorn: NE233 9783514 18 Jul 2018 In service [9] COSCO Shipping Aquarius ...
In July 2017, the parent company, OOIL, received a US$6.3 billion take over bid from its Chinese rival, COSCO Shipping. The bid has been accepted subject to shareholder and regulatory approval. [13] The takeover was completed in 2018. [9] In 2018, COSCO SHIPPING Holdings acquired Hong Kong-based OOIL, the parent of OOCL, for US$6.3 billion
This is a list of the 30 largest container shipping companies as of February 2024, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1] In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [ 2 ]