What is China Ocean Shipping Group (COSCO)? China Ocean Shipping Group (COSCO) Review, Features

China COSCO Shipping Group (China COSCO Shipping Group Co., Ltd.) was formed by the reorganization of China Ocean Shipping (Group) Company and China Shipping (Group) Company. Headquartered in Shanghai, it is a large state-owned enterprise directly managed by the central government.

About China COSCO Shipping Group

• China Ocean Shipping Group's perfect global service has built up network service advantages and brand advantages. The upstream and downstream industrial chains such as terminals, logistics, shipping finance, ship repair and shipbuilding have formed a relatively complete industrial structure system. The group has invested in 60 terminals and more than 52 container terminals around the world. The annual throughput capacity of container terminals is 124.55 million TEUs, ranking first in the world. The global sales of ship fuel exceeds 27.7 million tons, ranking first in the world. The scale of container leasing business has reached 3.7 million TEUs, ranking second in the world. The scale of orders for marine engineering equipment manufacturing and ship agency business are also firmly in the forefront of the world.

• As of January 31, 2020, COSCO Shipping Group's fleet has a total capacity of 105.36 million DWT/1,317 ships, ranking first in the world. Among them, the container fleet has a capacity of 3.07 million TEU/507 ships, ranking third in the world; the dry bulk fleet has a capacity of 40.22 million DWT/410 ships, the tanker fleet has a capacity of 25.83 million DWT/204 ships, and the general cargo and special fleet has a capacity of 4.59 million DWT/162 ships, all ranking first in the world.

Business Strength

• The development vision of China COSCO Shipping Group is to carry out the mission of China's economic globalization, integrate advantageous resources, and build a multi-industry cluster, world-leading comprehensive logistics supply chain service group with shipping, integrated logistics and related financial services as its mainstays.

• Focusing on the four strategic dimensions of "scale growth, profitability, anti-cyclicality and global company", China Ocean Shipping Group strives to layout the "6+1" industrial clusters of shipping, logistics, finance, equipment manufacturing, shipping services, socialized industries and Internet+ related businesses based on innovative business models, further promote the integration of shipping elements, and strive to build a world-leading comprehensive logistics supply chain service provider.

Business areas

1. Shipping Industry Cluster

The shipping industry cluster is the core industry cluster of China Ocean Shipping Group, including container transportation, dry bulk transportation, oil and gas transportation (oil transportation, liquefied natural gas transportation), passenger ship transportation and terminal operations. Currently, the group is committed to consolidating and developing the world's largest integrated shipping company.

2. Logistics Industry Cluster

The logistics industry cluster is the core industry cluster of the group, including engineering logistics, general cargo special ship transportation, freight forwarding, warehousing network, multimodal transport, ship agency, tally and other businesses. At present, the group is committed to exploring and cultivating core advantage logistics business and building a global leading and China's first comprehensive logistics service provider.

3. Shipping finance industry cluster

The shipping finance industry cluster is the core industry cluster of the group, including shipping leasing business mainly including ship leasing, container leasing, terminal storage facility leasing, and other non-shipping leasing businesses, supply chain finance, shipping insurance, logistics infrastructure investment, and equity investment businesses such as financial assets. Currently, the group is committed to building a comprehensive shipping finance service provider.

4. Equipment manufacturing industry cluster

Equipment manufacturing industry cluster is an important industry cluster of the Group, including shipbuilding, repair and modification, marine engineering equipment manufacturing, container manufacturing and other businesses. The Group is professionally engaged in equipment manufacturing related businesses through COSCO Shipping Heavy Industry Co., Ltd. It is a domestic technologically advanced shipbuilding enterprise, a domestically powerful ship repair enterprise, a domestically top marine engineering equipment manufacturing enterprise, and a world-renowned container manufacturing enterprise. At present, the Group is committed to consolidating and expanding its leading advantages in core technologies, market share and other aspects in the field of equipment manufacturing industry.

5. Shipping service industry cluster

The shipping service industry cluster is the group's supporting industry cluster, including ship fuel supply, ship management, crew management, ship spare parts procurement, etc. At present, the group is focusing on ensuring shipping industry services and striving to develop third-party customers to provide necessary business support for the group's main shipping business.

6. Socialized industrial clusters

Socialized industrial clusters are industrial clusters supported by the Group, including socialized service businesses such as real estate resource development, hotel management, maritime schools, hospitals, etc. Currently, the Group is working hard to build it into an incubator for new industries and a training ground for professional talents.

7. Internet+ related businesses

The Group is focusing on developing Internet+ related businesses based on innovative business models to better promote the upgrading and transformation of various businesses.

8. Overseas companies

COSCO SHIPPING (Hong Kong) Co., Ltd., COSCO SHIPPING Ports Co., Ltd., COSCO SHIPPING (Piraeus) Port Co., Ltd., COSCO SHIPPING (North America) Co., Ltd., COSCO SHIPPING (Europe) Co., Ltd., COSCO SHIPPING (Southeast Asia) Co., Ltd., COSCO SHIPPING (Australia) Co., Ltd., COSCO SHIPPING (Japan) Co., Ltd., COSCO SHIPPING (Korea) Co., Ltd., COSCO SHIPPING (West Asia) Co., Ltd., COSCO SHIPPING (Africa) Co., Ltd., COSCO SHIPPING (South America) Co., Ltd., China-Tanzania Joint Shipping Company, and COSCO SHIPPING Representative Office in Taiwan.

Corporate Culture

• Corporate mission: Create value and connect dreams.

• Corporate Vision: Carrying the mission of economic globalization, integrating advantageous resources, and building a multi-industry cluster, world-leading comprehensive logistics supply chain service group with shipping, integrated logistics and related financial services as the pillars.

• Corporate values: Customer first, talent first, safety first, innovation first.

• Entrepreneurial spirit: We are in the same boat.

• Corporate style: pragmatic, efficient, coordinated, integrated, and intelligent.

• Corporate slogan: We are ready.