China COSCO Shipping Corporation Limited (hereinafter referred to as "COSCO Shipping Group" or "the Group") is a global leading service provider for logistics supply chain with shipping and integrated logistics services as the pillar businesses. Headquartered in Shanghai, COSCO Shipping Group is the world's largest shipping enterprise in terms of comprehensive carrying capacity and a Fortune Global 500 company. Based on shipping, ports, logistics and other core industries, the Group takes shipping finance, equipment manufacturing, value-added service and digital innovation as enabling and value-added industries, and spares no effort to build "3 plus 4" industrial ecology and create world-class service ecology of global integrated logistics supply chain.
Up to now, COSCO Shipping Group has a fleet of more than 1,300 vessels, with a comprehensive carrying capacity of more than 113 million DWTs, ranking first in the world. The Group's dry bulk fleet, tanker fleet, general cargo and special-purpose fleets, container terminal throughput and management of
Bulk cargo transport
seafarers all rank first in the world, and its container fleet, container leasing, bunker supply, shipping agency and offshore manufacturing are among the best in the world. The Group is highly internationalized as the routes under its operation covers above 1,500 ports in more than 160 countries and regions.
COSCO Shipping Group has actively responded to the Belt and Road Initiative (BRI), upholding the development philosophy of "wide consultation, joint contribution and shared benefits" and the value concept of "mutual benefits and win-win results", continuing the investment and deployment in fields of shipping routes, ports and integrated logistics in the Belt and Road countries and regions, and building the "shipping plus port plus logistics" transport corridor. Based on harmonized growth together with local economy, the Group strives to promote global connectivity and economic and trade development. So far, the Group has invested 64.2 billion yuan in the Belt and Road countries and regions, with the projects including 20 container terminals. The Group's container fleet has set up 195 container liner routes connecting the BRI countries and regions, with a total transport capacity of 2.03 million TEUs, accounting for 68 percent of the Group's total container fleet capacity. In addition, the Group keeps enlarging investment in the Asia-Europe sea-rail combined transport and freight train services, and vigorously supports the construction of new land-sea corridors.
On January 4, approved by the State Council, China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company were reorganized to form China COSCO Shipping Corporation Limited. On February 18, China COSCO Shipping Corporation Limited was formally established in Shanghai.
On April 8, COSCO Shipping Group and the Hellenic Republic Asset Development Fund (HRADF) formally signed the Piraeus Port Authority S.A. (PPA) equity transfer agreement and shareholder agreement, which marked the milestone progress of the Group's acquisition of 67 percent equity of the Piraeus Port. On August 10, the Group formally took over the port.
On June 26, the opening ceremony of the new ship's lock of the Panama Canal was held. The COSCO Shipping Panama was the first new Panamax vessel and the unique one on that day to pass through the new lock, and was recorded in the international maritime history.
On September 28, COSCO Shipping Ports Limited, a subsidiary of COSCO Shipping Group, formally signed a concession agreement with Abu Dhabi Ports. According to the agreement, the two sides would set up a joint venture to build and operate the second-phase container terminal project in the Khalifa Port of UAE.
COSCO SHIPPING Holdings Co., Ltd., a subsidiary of COSCO SHIPPING, ranked 104th on Forbes' list of "Most Trustworthy Companies", the only shipping company in the world to receive this honor.
On July 24, COSCO SHIPPING acquired Orient Overseas Container Line (OOCL) through a tender offer. After the acquisition, its container fleet capacity reached nearly 3 million TEUs. This development catapulted COSCO SHIPPING into the top tier of the global liner industry.
On May 13, a formal delivery ceremony of the Group's Chancay Terminal project in Peru was held in the presidential palace in Lima, the capital of Peru. Chancay Terminal is the first greenfield project controlled by COSCO SHIPPING in South America.
On May 11, COSCO SHIPPING joined hands with China Mobile and Dongfeng Motor and launched China's first smart port with a full-scenario application of 5G technology at the Xiamen Ocean Gate Container Terminal in southeast China's Fujian Province.
On September 28, the container route of "Yangpu – South Pacific – Australia" was officially launched into operation by COSCO SHIPPING at the Xiaochantan Terminal in Yangpu of south China's Hainan Province, which is the first intercontinental route of the Hainan Free Trade Port.
On March 17, Global Shipping Business Network (GSBN), the world's first independent, not-for-profit shipping blockchain technology consortium led by COSCO SHIPPING, was successfully incorporated and officially put into operation in Hong Kong after being approved by relevant regulatory authorities around the globe.
On August 1, the Wuhan Yangluo International Port Water-Rail Intermodal Container Transport Project commenced operation, which was a significant outcome of the strategic partnership between COSCO SHIPPING and Wuhan, the capital city of central China's Hubei Province.
BRI-related service network of COSCO Shipping GroupCOSCO Shipping Group has actively responded to the Belt and Road Initiative (BRI), upholding the development philosophy of "wide consultation, joint contribution and shared benefits" and the value concept of "mutual benefits and win-win results", continuing the investment and deployment in fields of shipping routes, ports and integrated logistics in the Belt and Road countries and regions, and building the "shipping plus port plus logistics" transport corridor. Based on harmonized growth together with local economy, the Group strives to promote global connectivity and economic and trade development. So far, the Group has invested 64.2 billion yuan in the Belt and Road countries and regions, with the projects including 20 container terminals, laying a solid foundation for connectivity.
- The first public health pilot project of the Belt and Road action platform of the United Nations Global Compact
Core supporter of the China International Import Expo
- COSCO Shipping Group is a core supporter of the China International Import Expo (CIIE), a diamond member of the Hongqiao International Economic Forum, and the only international maritime service provider, home transport service provider and special design construction service provider recommended by the expo.
BRICS Business Council
- From 2014 to 2021, COSCO Shipping Group acted as the Chinese chairman unit of the BRICS Business Council and maintained close contact with the business communities of BRICS countries. It offered suggestions to the governments of BRICS countries and promoted practical business cooperation among them through the Council, with good results yielded.