China COSCO Shipping Group Profile

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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 Dec 31, 2022, the total fleet of COSCO SHIPPING comprises of 1394 vessels with a capacity of 113.82 million DWT, ranking No.1 in the world. Its container fleet capacity is 3.02 million TEU, ranking the third in the world.Its dry bulk fleet (437 vessels/45.14 million DWT),tanker fleet (228 vessels/29.18 million DWT) and general and specialized cargo fleet (175 vessels/5.78 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 56 terminals,including 49 container terminals,all over the world.The annual throughput of its container terminals amounts to 131.79 million TEU, taking the first place worldwide;the global sales volume of its bunker fuel exceeds 28.30 million tons,which is the largest in the world;and the container leasing business scale reaches 3.91 million TEU,the third-largest in the world.Its offshore engineering manufacturing competence and vessel agency business are also leading in the world.

The vision of 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.

Shipping industrial cluster

It includes container shipping, dry bulk shipping, oil tanker shipping, specialized cargo shipping, and passenger liner service. The shipping industrial cluster is committed to consolidating and developing the position of COSCO SHIPPING as the world's biggest integrated shipping enterprise, ensuring efficient and smooth cargo flow on the global maritime transportation routes, and achieving the historical transition from “serving in the whole world” to “serving the whole world”.

Ports Industrial Cluster

The ports industrial cluster is committed to becoming a customer-oriented global leading integrated port operator, and strives to realize the shift from a global operator to a global leader, from a terminal investment operator to an integrated port operator, and from extended growth to leapfrog growth.

Logistics Industrial Cluster

It is committed to becoming a third-party logistics service provider with distinctive advantages, full business coverage and a leading market position. It looks to provide end-to-end logistics and supply chain products and services in deep synergy with the shipping and ports industry clusters.

Shipping Finance Industrial Cluster

With the vision of "creating an industrial finance business with market-leading products and competitiveness", it aims to be a key "cash flow contributor" of COSCO SHIPPING and a "profit stabilizer" to smooth out the cyclicality of the corporation’s main business.

Equipment Manufacturing Industrial Cluster

It is mainly engaged in shipbuilding, ship repair, offshore equipment and module manufacturing, provision of ship supporting facilities, as well as container and other logistics equipment manufacturing. While serving customers from both home and abroad, the industrial cluster aims to build a leading shipbuilding, container building and ship repair enterprise in China.

Value-added Service Industrial Cluster

As a key force of industrial cooperation within the corporate system, it is also an important vehicle for the development of COSCO SHIPPING’s new business.

Digital Innovation Industrial Cluster

It is focusing on the development of the digital industry and the corporate venture capital platform. The digital innovation industrial cluster endeavors to become a new source of revenue for the corporation and an incubation platform for its new business by nurturing and incubating innovative business operations, steering the future technology deployment, promoting the implementation of innovation mechanisms internally, and creating a new industrial ecosystem that combines internal and external sources.

Following the concept of “One Team, One Culture, One Goal and One Dream,” COSCO SHIPPING 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.

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