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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]
China Ocean Shipping Company (1961–1993) China Ocean Shipping Company, or COSCO in short, was founded in 1961 as a Chinese government agency. In the same year, a subsidiary was formed in Guangzhou, Guangdong Province. The Guangzhou subsidiary purchased a British vessel and renamed it as Guanghua ( Chinese: 光华 ).
In 1964 China Ocean Shipping Co. established a subsidiary in Shanghai, COSCO Shanghai, which later specialized in container shipping. Container ship COSCO Hamburg , San Francisco, California, 2007 In 1978, COSCO Shanghai's MV Ping Xiang Cheng transported 162 TEU from Shanghai to Sydney, Australia , which was the first international container ...
China: 83,868 84 0.3% 23 Regional Container Lines (RCL) Thailand: 77,153 34 0.3% 24 Global Feeder Shipping LLC United Arab Emirates: 76,616 33 0.3% 25 Ningbo Ocean Shipping Co. China: 75,077 80 0.3% 26 Emirates Shipping Line United Arab Emirates: 72,188 14 0.3% 27 Swire Shipping Singapore: 71,023 36 0.2% 28 Matson United States: 69,235 29 0.2% ...
The governmental responsibility of the shipping industry is under the Ministry of Transport . The number of container units handled by Chinese ports in 2011 reached more than 150 million. The country also manufactures 90% of the world's containers. The throughput of cargo and containers at China's ports has been the largest in the world for the ...
OOCL was founded by C. Y. Tung in 1947 as the Orient Overseas Line. In 1969, OOL was the first Asian -based shipping line to transport containerized cargo across the Pacific. Consequently, the company was renamed Orient Overseas Container Line. In those days its Victory-class vessels could carry 300 TEU, a far cry from today's post-Panamax vessels.
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