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As a result of the merger, COSCON acquired the assets of CSCL and was renamed COSCO SHIPPING Lines. Meanwhile, CSCL acquired the container leasing subsidiaries of China Shipping Group and COSCO Group, and became a container leasing company. The newly created COSCO Shipping Lines has 502 container ships with 3.0 million TEU.
COSCO Shipping Shengshi, a vehicles carrier ship, Sète, 2018. China COSCO Shipping Corporation Limited (branded as COSCO Shipping) is a Chinese state-owned multinational marine transportation service conglomerate, headquartered in Shanghai. [2]
COSCO Pacific also owned 20% stake of Hong Kong-based Chong Hing Bank from 1997 [27] to 2007. In 2007 the stake was sold to the parent company, COSCO HK. [28] [29] In 1995, another subsidiary, COSCO Corporation (Singapore) Limited, [c] became a listed company in Singapore Exchange. [30] The company was a component of Straits Times Index until ...
1 Container ships. Toggle Container ships subsection. ... COSCO Singapore: 2001: ... "Global Ship Tracking". Marine Traffic
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]
Keppel Container Terminal in Singapore. PSA Singapore's container facilities are as follows: Container berths: 52; Quay length: 15,500 m; Area: 600 hectares; Max draft: 16 m; Quay cranes: 190; Designed capacity: 35,000 kTEU; PSA Singapore has 13 berths which are part of the Pasir Panjang Container Terminal's Phase Two which are due for ...
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.
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]