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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.
The group was a Chinese state-owned multinational transportation conglomerate. By May 2014, China Shipping's container shipping subsidiary – China Shipping Container Lines – operated 156 container vessels with 656,000 TEU capacity. [6] China Shipping Container Lines' container ship CSCL Globe was the world largest in 2014. [7]
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.
Dedicated Container Train Routes: TPL owns and operates 15 different scheduled railway routes, dispatching 50-car (100 TEU) trains to 15 different cities in China, including Xi'an, Chengdu, Taiyuan, Ürümqi, Baotou, Shizuishan, Erenhot, Alashankou, and Manzhouli, the last three being border crossings.
A COSCO container ship sails from Boston Harbor. In 1961 China established a state-run maritime shipping company and subsequently signed shipping agreements with many countries, laying the foundation for developing the country's ocean transport. That organization developed into the present-day China Ocean Shipping (Group) Company . The Chinese ...
COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company. [1] COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. [2] [3] It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of 1,580,000 twenty-foot equivalent units (TEU), and a tanker fleet of 120 vessels ...
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]
Hongkong International Terminals Limited (HIT) (Chinese: 香港國際貨櫃碼頭) operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals and another four at Terminal 8 through a joint venture with COSCO SHIPPING Ports and Asia Container Terminals. HIT is the largest container terminal operator in Hong Kong.