COSCO Shipping

COSCO Shipping Corporation, established in 2016 through a merger of COSCO and the China Shipping Group, operates one of the world’s largest container fleets, with a total capacity of almost 3 million TEUs, as well as large fleets for transporting dry bulk, general, and specialized cargo. COSCO also operates over 50 container terminals worldwide with world-leading throughput of more than 110 million TEUs, as well as one of the world’s largest container-leasing businesses.

A leading provider of offshore engineering and vessel agency services, COSCO’s strategic multifaceted vision is to become a leader not just in shipping, but logistics, finance (including ship leasing, shipping insurance, and supply chain finance); equipment manufacturing, and other related services.  

 

25 Aug 2020
Only eight of the JOC Top 40 Container Carriers by US Imports managed to increase volumes in the first five months of the year, none of which belong to one of the three major vessel-sharing alliances.
A Cosco container ship.
25 Jul 2018
As Cosco continues to guide its customers through email transmissions for the booking of cargo, there was good news on Wednesday.
A Cosco ship.
24 Jul 2018
Since Cosco’s overseas operations have not been affected, communication with US offices is able to take place, although at a slower pace, a key Cosco official said Tuesday.
APM Terminals Pipavav.
02 Jul 2018
Two other Pipavav changes are likely to help speed cargo, terminal officials said.
Port of Long Beach.
11 Apr 2018
Confirming to Alphaliner that it is discussing US terminal assets with Committee on Foreign Investment in the United States officials, Cosco, a China government-backed carrier, said it is confident the deal will pass the US review and that the deal’s June 30 deadline will be met.
Cosco Rotterdam.
02 Apr 2018
Cosco Shipping Holdings, China's largest shipping company, has continued to aggressively expand into landside logistics, building on Beijing’s Belt and Road strategy to grow its terminal and inland footprint in Asia and Europe.
Port of Oakland.
29 Mar 2018
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
A Cosco container ship.
15 Feb 2018
Based on carrier statistics compiled by PIERS, a JOC.com sister company, if the container volumes compiled last year by the China-based carriers were combined, Cosco and OOCL would have ranked fourth among all lines in the US trades in overall container volume and first in imports.
Cosco container ship
30 Jan 2018
Cosco is heading for a solid 2017 profit, turning around a $1.4 billion loss, with Beijing subsidies lending a helping hand.
23 Jan 2018
In 2017 terminal operators CMPort and Cosco demonstrated the capability to pay a premium for port assets — backed by Chinese banks offering Belt and Road project development loans.
Container shipping capacity is something shippers pay close attention to as the supply-demand balance has a direct impact on freight rate levels.
10 Jan 2018
As capacity floods into service, some carriers have started to delay the delivery of new mega-ships.
06 Dec 2017
The Cosco-OOIL deal took another giant step towards becoming the world's largest carrier in total liftings when it received approval for the takeover from the European Commission.
30 Oct 2017
The proceeds of a share sale will be used by Cosco Shipping to fund the construction of 20 new container ships, 11 of them in excess of 20,000 TEU.
11 Oct 2017
The positive forecast from Cosco highlights the continued strength of the market.
21 Sep 2017
Terminal operator DP World is nearing completion on a $200 million upgrade to its Fairview Container Terminal at Prince Rupert, but remaining construction to landside infrastructure has roiled port productivity.
25 Jul 2017
Shares of Cosco Shipping have finally begun trading again in Shanghai after being suspended since May.
10 Jul 2017
“There aren’t many other takeover candidates left on the shelf.”
10 Jul 2017
A combined Cosco-OOCL carrier will further reduce the options for shippers that have been cut drastically by a wave of consolidation in the past year.
An OOCL ship.
09 Jul 2017
The deal maintains the Hong Kong carrier’s brand and marks a new chapter in the ongoing industry consolidation.
06 Jul 2017
Better freight rates and strongly growing volume will see Cosco Shipping posting a solid profit in the first half.
21 Jun 2017
Rumors surrounding a Cosco-OOCL tie-up refuse to go away.
12 Jun 2017
The $228 million deal comes in the wake of similar deals in Europe, Asia, and the Middle East — including the purchase of Rotterdam’s Euromax Terminal and a majority stake in Greece's largest port, Piraeus.
02 Jun 2017
China's largest carrier, Cosco Shipping, continues to give only the vaguest of reasons for its suspension of share trading on the Shanghai exchange.
18 May 2017
Roughly $4.6 billion is needed at East and Gulf coast ports to remedy pinch points in harbor infrastructure.
29 Apr 2017
Cosco's container shipping line is the latest carrier to report improving volume and revenue in the first quarter.
10 Apr 2017
It has been a rare sight recently, but Cosco Shipping has issued a positive profit alert for the first quarter after seeing increasing volumes and rising rates.
It wasn't hard for shippers to find trans-Pacific capacity after Hanjin Shipping went bankrupt, and it's about to get easier still.
14 Sep 2016
Hanjin Shipping’s collapse has set off a rush by other container lines to add services and “extra loader” voyages.
Cosco Pacific bought a stake in the Euromax Terminal Rotterdam, pictured, earlier in the year as it continues to expand globally with a particular focus on Europe.
19 Aug 2016
Cosco Shipping Ports appears to be bucking the trend of poor throughput growth reported by major terminal operators so far this year.
The merger of Cosco and China Shipping Container Lines hasn't been without its issues, but the widespread disruption seen in other mergers has not taken place.
11 Aug 2016
Although mergers typically lead to disruption and irate shippers, that has not been the case in the recent merger of Cosco and China Shipping Container Lines.
10 Aug 2016
The Chinese conglomerate will pay an additional 88 million euros for the extra 16 percent stake in Greece’s largest port.
News that the recently merged China Cosco Shipping would honor existing contracts until the Ocean Alliance takes effect follow industry rumors of mass shipper desertions from the company's constituent carriers, Cosco Container Lines and China Shipping Container Lines
19 Jul 2016
China Cosco Shipping says all its shipper contracts are safe until the new Ocean Alliance kicks off next year.
27 Jun 2016
Cosco Shipping Panama on Sunday made the first commercial transit of the Panama Canal’s new locks.
18 May 2016
Cosco Executive Vice President Howard Finkel and JOC Senior Content Editor Alessandra Barrett discuss Cosco’s merger with China Shipping Container Lines, freight rate trends, and the biggest operational change that came out of the West Coast labor strife of 2014 and 2015.
12 May 2016
Five non-vessel-operating common carriers and forwarders have paid the U.S. Federal Maritime Commission to settle allegations they misrepresented cargo to carriers.
08 Apr 2016
The Greek government today officially sold the country’s largest port, Piraeus, to China’s Cosco Group, prompting striking dockers to stage a protest march through downtown Athens.
31 Mar 2016
The last financial results for Cosco and China Shipping Container Lines as independent companies highlights the financial difficulties that have forced their merger into China Cosco Shipping.