China COSCO Shipping Corporation
| China COSCO Shipping Corporation
|
|
|---|---|
 |
|
| legal form | Centrally managed company |
| founding | February 28, 2016 |
| Seat |
Shanghai , People's Republic of China
|
| management | Xu Lirong ( Chairman ) |
| Number of employees | 180,000 |
| Branch | shipping |
| Website | en.coscocs.com |
The China COSCO Shipping Corporation Limited , and China COSCO Shipping Group (COSCOCS), is a 2016 in China based shipping company. It was created on February 18, 2016 as a merger of the two state-owned shipping companies COSCO and China Shipping Group . In terms of load capacity, the company operates the largest fleet worldwide and ranks fourth in the container transport segment with the two merged liner shipping companies COSCON and China Shipping Container Lines (1.58 million TEU ).
In addition to the actual ship operation as the most important business area, COSCOCS works in the areas of ship financing , ship management, manning, spare parts management, bunker services , ship and ship mechanical engineering, and industrial logistics . A number of container terminals are operated worldwide .
According to the first annual report published after the merger, the company made a loss of 1.1 billion US dollars in the half-year to June 2016.
In November 2016 the "Ocean Alliance" was founded with Orient Overseas Container Line (OOCL), CMA CGM and Evergreen Marine .
Web links
- Internet presence of COSCOCS (English)
Individual evidence
- ↑ Top management
- ↑ China launches new shipping giant to battle downturn , February 18, 2016
- ↑ Official confirmation of the establishment of the China Cosco Shipping Group , In: Hafen Hamburg Marketing , February 24, 2016
- ↑ Group Profile
- ↑ Alphaliner - TOP 100 (English)
- ↑ Kyunghee Park: China COSCO Posts $ 1 Billion Loss After Mega-Merger , In: gCaptain , August 25, 2016 (English)
- ^ Lancement d'Ocean Alliance par OOCL, Evergreen, Cosco et CMA CGM. November 3, 2016. Retrieved November 3, 2016 .