COSCO

Not to be confused with Costco, Cusco, or Cisco.
For other uses, see Cosco (disambiguation).
China Ocean Shipping Company, Limited
FormerlyChina Ocean Shipping (Group) Corporation
Company typesubsidiary
IndustryTransportation
FoundedApril 27, 1961; 63 years ago (1961-04-27)
Defunct2016
Fatebecame a subsidiary
SuccessorChina COSCO Shipping
Headquarters
Xicheng District, Beijing
,
China
Area served
Worldwide
ServicesFreight forwarding
Shipbuilding
Ship repairing
Terminal operations
Website
Chinese name
Simplified Chinese中国远洋运输有限公司
Transcriptions
former name
Simplified Chinese中国远洋运输（集团）总公司
Transcriptions
former short name
Simplified Chinese中远集团
Transcriptions
COSCO Vancouver
COSCO 40 foot container
Semi-submersible heavy lift vessel Xiang Rui Kou
President of COSCO Group Capt. Wei Jiafu (left) meets with Deputy Foreign Minister of Greece, Dimitris Kourkoulas (right), 2012.

China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company,[a] commonly known for its abbreviated name COSCO Group, or simply, COSCO, is one of the major holding companies for COSCO Shipping, one of the world's largest shipping companies. COSCO Shipping was formed in January 2016 by a merger of COSCO and China Shipping Group as one conglomerate. It is a state-owned enterprise.[1]: 68 

COSCO was founded in 1961 as a Chinese Government owned shipping and logistics services supplier company.[2]

COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing.[3][4] It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of 1,580,000 twenty-foot equivalent units (TEU), and a tanker fleet of 120 vessels.[5] The fleet calls at over a thousand ports worldwide.[6] It ranks among the largest in both number of container ships and aggregate container volume in the world.[7] In 2012, it was among China's top 15 brands.[8]

It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China.[9]

COSCO division COSCO Shipping Port Company manages the company's port operations.[1]: 68 


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  1. ^ a b Cite error: The named reference :Curtis&Klaus was invoked but never defined (see the help page).
  2. ^ "China Ocean Shipping Group Co". Bloomberg. Retrieved 14 March 2013.
  3. ^ "Contact Us Archived 2010-01-30 at the Wayback Machine." COSCO.
  4. ^ "Donation Archived 2011-07-27 at the Wayback Machine". COSCO. May 21, 2008.
  5. ^ "China Cosco Shipping Group Profile". Retrieved 4 August 2017.
  6. ^ COSCO Group Archived 2008-05-29 at the Wayback Machine
  7. ^ "Alphaliner TOP 100". January 2019.
  8. ^ Dooley, Howard J. (Spring–Summer 2012). "The Great Leap Outward: China's Maritime Renaissance". The Journal of East Asian Affairs. 26 (1). Institute for National Security Strategy: 57. JSTOR 23257908.
  9. ^ "China Ocean Shipping (Group) Company Company Profile". Yahoo Business. Retrieved 18 March 2013.