China COSCO Shipping Corporation Limited (hereinafter referred to as China
COSCO Shipping Group or the Group) is an SOE headquartered in Shanghai. It is
the merged entity of China Ocean Shipping (Group) Company (COSCO) and China
Shipping (Group) Company (China Shipping).
As of December 31, 2018, the total fleet of COSCO SHIPPING comprises of 1,285
vessels with a capacity of 102.19 million DWT, ranking No.1 in the world. Its
container fleet capacity is 2.93 million TEU, ranking the third in the world.
Its dry bulk fleet (428 vessels/39.85 million DWT), tanker fleet (193
vessels/24.77 million DWT) and general and specialized cargo fleet (163
vessels/4.36 million DWT) are all topping the world’s list.
Thanks to its complete global service network, COSCO SHIPPING has become a
top international brand. The upstream and downstream links along the industry
chain, such as terminals, logistics, shipping finance, ship repair and
shipbuilding, have formed a sound industrial structure. The Corporation has
invested in 55 terminals, including over 51 container terminals, all over the
world. The annual throughput of its container terminals amounts to 114.69
million TEU, taking the first place worldwide; the global sales volume of its
bunker fuel exceeds 26 million tons, which is the largest in the world; and the
container leasing business scale surpasses 2.7 million TEU, the third-largest in
the world. Its offshore engineering manufacturing competence and vessel agency
business are also leading in the world.
The vision of China COSCO Shipping is to undertake the mission of globalizing
Chinese economy, consolidate advantageous resources, take global shipping,
integrated logistics, and shipping related financial services as core business,
and develop diversified industrial clusters, so as to build a world-leading
business entity that provides integrated logistics and supply chain
services.
Focusing on four strategic dimensions, which are “scale growth,
profitability, anti-cyclical capability and building a global company”, the
Group highlights the “6+1” industrial clusters layout. The “6” is shipping,
logistics, finance, equipment manufacturing, shipping services and social
services industrial clusters. The “1” means “Internet Plus” business based on
business model innovation. This layout will help facilitate the integration of
shipping factors and build a world-class logistics service provider.
