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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 ...
China COSCO Shipping Corporation Limited (branded as COSCO Shipping) is a Chinese state-owned multinational marine transportation service conglomerate, headquartered in Shanghai. [3] It was established in January 2016 by the merger between China Ocean Shipping Company and China Shipping Group Company .
On July 24, 2018, COSCO SHIPPING Lines reported a cyber attack to its operations in the United States, Canada, and South America. [16] [17] [18] COSCO later reported that the attack caused minimal disruption to its operations. [19] In 2018, COSCO SHIPPING Holdings acquired Hong Kong-based OOIL, the parent of OOCL, for US$6.3 billion. [20] [21]
Singapore: 295,567 89 1.0% [Note 8] 13 Shandong International Transportation Corporation (SITC) China: 160,156 101 0.6% 14 X-Press Feeders Singapore: 157,681 81 0.5% [Note 9] 15 Korea Marine Transport Corporation (KMTC) South Korea: 150,704 64 0.5% 16 Sea Lead Shipping Singapore: 141,202 32 0.5% 17 Unifeeder Denmark: 138,995 86 0.5% 18 IRISL ...
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]
In 2003, COSCO Pacific is a co-investor of a phase of Qingdao Qianwan Container Terminal, for 20% shares of the SPV that carry the actual investment. [9] [10] In the same year, COSCO Pacific also formed a joint venture with PSA. [11] In 2008, COSCO Pacific made a bid for a 35-year concession to operate the container port of Piraeus.
Pacific International Lines (PIL) is a Singaporean shipping company incorporated in Singapore on 16 March 1967. [1] It was founded by Singaporean entrepreneur Chang Yun Chung , who was the world's oldest billionaire [ 2 ] until he died at 102 in September 2020.
COSCO Shipping Energy Transportation Co., Ltd., stylized as COSCO SHIPPING Energy, is a Chinese oil tanker shipping company with its headquarters in Hongkou District, Shanghai. The company transports crude oil, LNG, and LPG. It is a subsidiary of COSCO Shipping. It is the world's largest oil tanker shipping company in terms of fleet capacity.