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In 1978, COSCO Shanghai's MV Ping Xiang Cheng transported 162 TEU from Shanghai to Sydney, Australia, which was the first international container voyage by a Chinese company. [1]: 56 [2] [3] [1] [4] Thereafter, COSCO Shanghai commenced a monthly container service running two 200 TEU container ships between Shanghai, Xingang, Sydney, and Melbourne.
Number of employees. 118,243 ... COSCO Container Lines – was one of the world's top 10 container carriers in terms of fleet capacity. COSCO was among China's top 15 ...
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 ...
COSCO (H.K.) Group was the direct parent company of COSCO Pacific (valid until December 2004 [51] [52]) and COSCO International. [46] COSCO (H.K.) Group bought the 20% stake of Chong Hing Bank and the entire stake of Shun Shing Construction from COSCO Pacific [28] [29] and COSCO International [53] respectively in 2007.
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]
It was known as China Shipping Container Lines (CSCL) and was among the world's largest container liner companies. It exited the container shipping business and was renamed to COSCO SHIPPING Development because of the COSCO-China Shipping merger in 2016. [1] As CSCL, the company was ranked 1503rd in 2012 edition of Forbes Global 2000. [2]
An order bill of lading is used when shipping merchandise prior to payment, requiring a carrier to deliver the merchandise to the importer, and at the endorsement of the exporter the carrier may transfer title to the importer. Endorsed order bills of lading can be traded as a security or serve as collateral against debt obligations. [21]
After the failed IPO in 2011 and the merger of the parent company, China Shipping Group, with China Ocean Shipping (Group) Corporation (COSCO Group) in 2015, the container and vessel leasing business of China Shipping Group, was purchased by China Shipping Container Lines instead, while China Shipping Container Lines sold their container line ...