Formed by the reorganization of the former China Ocean Shipping Group and China Shipping Group, it is a leading domestic marine engineering equipment manufacturing enterprise and ship repair enterprise with shipping, logistics terminals and shipbuilding as its main business
China COSCO Shipping Group Co., Ltd. (hereinafter referred to as China COSCO Shipping Group or Group) was reorganized from China Ocean Shipping (Group) Corporation and China Shipping (Group) Corporation, headquartered in Shanghai, and is a large state-owned enterprise directly managed by the central government.
As of December 31, 2017, China COSCO Shipping Group operated a fleet with a comprehensive capacity of 86.35 million dwt/1,123 vessels. Among them, the container fleet size is 1.89 million TEU, the dry bulk fleet capacity is 38.11 million dwt/422 ships, the oil tanker fleet capacity is 20.92 million dwt/155 ships, and the general cargo special fleet is 4.61 million dwt. China COSCO Shipping Group's perfect global services have built up network service advantages and brand advantages. The upstream and downstream industrial chains such as wharves, logistics, shipping finance, and shipbuilding have formed a relatively complete industrial structure system. The Group has more than 52 container terminals around the world, with more than 218 berths and an annual container handling capacity of 118 million TEU. More than 25 million tonnes of marine fuel are sold worldwide. The container leasing scale exceeds 2.7 million TEU. The scale of offshore engineering equipment manufacturing orders and ship agency business are also in the forefront of the world.
The development vision of China COSCO Shipping Group is to carry the mission of China's economic globalization, integrate advantageous resources, and build a world-leading comprehensive logistics supply chain service group with shipping, integrated logistics and related financial services as the pillars, multi-industrial clusters.
Focusing on the four strategic dimensions of "scale growth, profitability, anti-cyclicality and global company", China COSCO Shipping Group focuses on the layout of shipping, logistics, finance, equipment manufacturing, shipping services, socialized industries and Internet-related businesses based on business model innovation "6 1" industrial clusters, further promotes the integration of shipping elements, and strives to build the world's leading integrated logistics supply chain service provider.
