COSCO

This article is about the former company. For the company after the merger, see COSCO Shipping.
Not to be confused with Costco, Cusco, Cisco, or Cosco (disambiguation).
China Ocean Shipping Company
Native name
中国远洋运输有限公司
FormerlyChina Ocean Shipping (Group) Corporation
Company typeSubsidiary; state-owned
IndustryTransportation
FoundedApril 27, 1961; 63 years ago (1961-04-27)
Defunct2016
Fatebecame a subsidiary
SuccessorChina COSCO Shipping
Headquarters
Xicheng, Beijing
,
China
Area served
Worldwide
ServicesFreight forwarding
Shipbuilding
Ship repairing
Terminal operations
Websitecosco.com (archived)
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 (abbreviated as COSCO) was a former shipping corporation from 1961 to 2016, owned by the State Council of China. The company merged with China Shipping Group Company to form China COSCO Shipping Corporation in January 2016.

COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company.[1]

COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing.[2][3] 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.[4] The fleet calls at over a thousand ports worldwide.[5] It ranks among the largest in both number of container ships and aggregate container volume in the world.[6] In 2012, it was among China's top 15 brands.[7]

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.[8]

COSCO division COSCO Shipping Port Company manages the company's port operations.[9]: 68 

  1. ^ "China Ocean Shipping Group Co". Bloomberg. Retrieved 14 March 2013.
  2. ^ "Contact Us Archived 2010-01-30 at the Wayback Machine." COSCO.
  3. ^ "Donation Archived 2011-07-27 at the Wayback Machine". COSCO. May 21, 2008.
  4. ^ "China Cosco Shipping Group Profile". Retrieved 4 August 2017.
  5. ^ COSCO Group Archived 2008-05-29 at the Wayback Machine
  6. ^ "Alphaliner TOP 100". January 2019.
  7. ^ 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.
  8. ^ "China Ocean Shipping (Group) Company Company Profile". Yahoo Business. Retrieved 18 March 2013.
  9. ^ Cite error: The named reference :Curtis&Klaus was invoked but never defined (see the help page).