China COSCO Shipping Corporation Limited history, profile and history video
China COSCO Shipping Corporation Limited is a Chinese multinational conglomerate headquartered in Shanghai, China. It was established in 2016 through the merger of COSCO Group and China Shipping Group.
COSCO Group
China Ocean Shipping Company, Ltd., commonly known for its abbreviated name COSCO Group, or simply, COSCO, was a Chinese state-owned multinational shipping and logistics services supplier company. Founded in 1961, it was one of China’s largest dry bulk carriers and one of the largest dry bulk shipping operators worldwide. Its container shipping subsidiary, COSCO Container Lines, was one of the world’s top 10 container carriers in terms of fleet capacity.
In 1993, the company became a holding company and renamed as China Ocean Shipping (Group) Company.
China Shipping (Group) Company
China Shipping (Group) Company was a Chinese state-owned multinational transportation conglomerate founded in 1997 by a merger of three Chinese Government-owned shipping conglomerates, based in Shanghai, Guangzhou, and Dalian respectively.
The Group operates through the following business segments: Shipping industrial cluster, Logistics industrial cluster, Finance industrial cluster, Equipment manufacturing industrial cluster, Shipping services cluster, Social services industrial cluster, and “Internet Plus” business.
Shipping industrial cluster
The Shipping industrial cluster comprises container shipping, terminal investment and operation, tanker shipping, LNG shipping, dry bulk shipping, and passenger liner services.
Logistics industrial cluster
The logistics industrial cluster includes project logistics, freight forwarding, warehouses, multi-modal transport, vessel agency, etc.
Finance industrial cluster
The Finance industrial cluster includes ship leasing, shipping insurance, supply chain finance, logistics park investment, equity investment, and asset investment (especially infrastructure investment).
Equipment manufacturing industrial cluster
The Equipment manufacturing industrial cluster includes shipbuilding, offshore equipment manufacturing, ship repair, container manufacturing, etc.
Shipping services cluster
The Shipping services cluster includes ship management, crew management, ship spare parts procurement, communication & navigation technology management, ship fuel and materials supply, etc.
Social services industrial cluster
The Social services industrial cluster includes real estate development, hotel management, hospitals, universities, and other social services.
Internet + businesses
The Internet + businesses serves new demand with quality big data services, with an aim to propel upgrading and transformation of all our business segments, and combine internet resources with shipping factors.
The Group has a substantial number of subsidiaries locally and abroad, including COSCO Group, COSCO Shipping Development, COSCO Shipping Energy, COSCO Shipping Holdings, COSCO Shipping International, COSCO Shipping Ports, COSCO Shipping Lines, COSCO Shipping Technology, China Shipping Group, Orient Overseas, OOCL, and others.
With more than 118 000 employees, China COSCO Shipping Corporation Limited has one of the largest fleets in the world (over 1 300 vessels with a capacity of more than 105.00 million DWT).
*Information from Forbes.com, Wikipedia.org, and en.coscoshipping.com.
**Video published on YouTube by “Xiaojie Fan“.