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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.
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 Shipping Group Company was a former shipping corporation from 1997 to 2016, owned by the State Council of China. The company merged with China Ocean Shipping Company to form China COSCO Shipping Corporation in January 2016.
COSCO Shipping Ports is a listed company. As of November 2020, the market capitalization is HK$17 billion [4] (Not yet free-float adjusted). As of 31 December 2019, fellow listed company COSCO Shipping Holdings is the parent company of COSCO Shipping Ports.
As of 31 December 2019, private company, COSCO Shipping (Hong Kong), is the parent company of COSCO Shipping International, which owns 66.12% shares of COSCO Shipping International (Hong Kong). [17] COSCO Shipping (Hong Kong) is in turn parented by Mainland China incorporated China Ocean Shipping Company (COSCO) and ultimately, China COSCO ...
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 ]