COSCO
Founded on April 27, 1961 as the pioneer of international shipping carrier in China, 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. It is an international giant, specializing in shipping and modern logistics, serving as a shipping agency and providing with services in freight forwarding, shipbuilding, ship-repairing, terminal operation, trade, financing, real estate and IT industry. Today, COSCO has successfully molded itself into a global company with one of the most recognized and admired brand name in the world. The company now owns and operates a variety of merchant fleet of some 600 vessels with total carrying capacity of up to 35 million deadweight tons, which help make a hit with achieving annual traffic volume of more than 300 million tons.
In China, COSCO has subsidiaries in Guangzhou, Shanghai, Tianjin, Qingdao, Dalian, Xiamen and Hong Kong own and operate various types of ocean shipping fleets for the shipment of containership, bulk carrier, oil tanker as well as specialized carrier. Abroad, with North America, Europe, Japan, South Korea, Singapore, Australia, South Africa and West Asia as profitable markets linked by shipping routes, the company has 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.
