Founded on April 27, 1961 as the pioneer of international shipping carrier in
China, together with the reconstruction of national transportation resources on
February 16, 1993, China Ocean Shipping (Group) Company (COSCO) has grown into a
$17 billion corporation by clearly focusing on the goal of enabling commerce
around the globe.
The company is an international giant, specializing in
shipping and modern logistics, serving as a shipping agency and providing with
services in freight forwarding, shipbuilding, shiprepairing, terminal operation,
trade, financing, real estate and IT industry as well. Currently, with over 40
years of arduous efforts, COSCO has successfully molded itself into a global
company with one of the most recognized and admired brand name in the world. As
far as the fleet capacity is concerned, the company now own and operate a
variety of merchant fleet of some 600 vessels with total carrying capacity of up
to 35 million DWT, achieving annual traffic volume of more than 300 million
tons.
As a global company with shipping and modern logistics as the core
business, COSCO cherishes its abundant resources of hundreds of member units and
service networks both at home and abroad. In China, the company’s wholly-owned
subsidiaries are widely located in Guangzhou, Shanghai, Tianjin, Qingdao,
Dalian, Xiamen and Hong Kong. The subsidiaries own and operate various types of
ocean shipping fleets for the shipment of containership, bulk carrier, oil
tanker as well as specialized carrier. The company has also formed a
transnational operating network capable of reaching all major areas of the
world. Ships and containers with the conspicuous "COSCO" logo are shuttling
among 1,300 ports in more than 160 countries and regions around the
world.
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