China COSCO SHIPPING Corporation Limited (hereinafter referred to as 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 August 31, 2021, the total fleet of COSCO SHIPPING comprises of 1371 vessels with a capacity of 113.7 million DWT, ranking No.1 in the world. Its container fleet capacity is 3.08 million TEU, ranking the third in the world. Its dry bulk fleet (442 vessels/44.60 million DWT), tanker fleet (224 vessels/29.36 million DWT) and general and specialized cargo fleet (152 vessels/4.75 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 shipping，terminals, logistics, shipping finance, ship repair and shipbuilding, have formed a sound industrial structure. The Corporation has invested in 59 terminals, including 52 container terminals, all over the world. The annual throughput of its container terminals amounts to 129.40 million TEU, taking the first place worldwide; the global sales volume of its bunker fuel exceeds 28.19 million tons, which is the largest in the world; and the container leasing business scale reaches 3.70 million TEU, the second-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.
To serve the global trade and operate a global network, COSCO SHIPPING has been focusing on the establishment of a “3+4” industrial ecosystem, with shipping, ports and logistics as its foundation and core industries, and with shipping finance, equipment manufacturing, value-added service and digital innovation as the enabling and value-added industries. Based on that, it further aims to build a world-class integrated logistics service and supply chain service ecosystem.
Following the concept of “One Team, One Culture, One Goal and One Dream,” China COSCO Shipping Group strives to be an outstanding enterprise that is larger, more globalized, competitive and valuable, as well as a better practitioner of national initiatives, a better service provider for its customers, a better partner for its suppliers and a better career development platform for its employees.