Enterprises
COSCO Shipping
Updated: May 29, 2019
govt.chinadaily.com.cn
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The vessel Chang An Kou is part of the current fleet of five carriers which allows SOSCO Shipping Specialized Carriers to transport 20,000 units. [Photo provided to chinadaily.com.cn]
China COSCO Shipping Corporation Limited (COSCO Shipping) is a State-owned enterprise headquartered in Shanghai.
As of March 2019, COSCO Shipping boasts a fleet comprising of 1,285 vessels with a total capacity of 102.83 million deadweight tonnage, ranking first in the world.
The group's dry bulk fleet, tanker fleet, and general and specialized cargo fleet all top the lists in their categories.
With a global service network, COSCO Shipping has become a renowned international brand, with sound upstream and downstream connection in terminals, logistics, shipping finance, as well as ship repair and construction.
The vision of COSCO Shipping is to undertake the mission of globalizing China's economy by consolidating advantageous resources and developing diversified industrial clusters to build a world-leading business entity that provides integrated logistics and supply chain services.
In the beginning of 2019, COSCO Shipping sent a vessel fully loaded with paper pulp from Punta Pereira Uruguay in South America to Western Europe, marking the group's first regular service in the Atlantic Ocean.
