COSCO Shipping

China COSCO Shipping Corporation Limited
Native name
中国远洋海运集团有限公司
Company typeState-owned enterprise
IndustryMarine transportation
Predecessor
  • COSCO Group
  • China Shipping Group
Founded2016; 8 years ago (2016)
Headquarters
Shanghai
,
China
Area served
Worldwide
Key people
  • Lirong Xu (Chairman/CEO)
  • Zajian Wong (COO)
  • Meifeng Chen (CFO)
ServicesMarine transportation
Stevedoring
Chartering
Shipbuilding
Revenue$44,655 million (2020) [1]
Total assets$125,906.4 million (2020) [1]
Total equity$28,202.6 million (2020) [1]
Number of employees
118,243 (2020) [1]
DivisionsCOSCO Shipping Lines
Subsidiaries
Websiteen.coscoshipping.com
COSCO Shipping Shengshi, a vehicles carrier ship, Sète, 2018

China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned multinational conglomerate headquartered in Shanghai. The group is focused on marine transportation services.[2] COSCO Shipping was established in January 2016 by the merger of COSCO Group and China Shipping Group.[3]

As of March 2020, the company's fleet was among the largest in the world – 1310 vessels with a capacity of 105.92 million DWT.

  1. ^ a b c d "China Cosco Shipping ranking under Global 500". Fortune.
  2. ^ "COSCO Shipping Business Sectors". Retrieved 22 May 2020.
  3. ^ "China COSCO Shipping History". Retrieved 22 May 2020.