COSCO SHIPPING
China COSCO Shipping Corporation Limited (“COSCO SHIPPING”) was formally established in Shanghai on February 18, 2016 as the merged entity of China Ocean Shipping Group (“COSCO”) and China Shipping Group Company (“China Shipping”).
COSCO SHIPPING’s total fleet of 1,376 vessels with a capacity of 113.67 million deadweight tons (DWT) is ranked number one in the world. Its dry bulk, tanker, and general & specialized cargoes fleets are also ranked number one. Its container fleet capacity of 3.12 million TEUs makes it the world’s third largest ocean carrier. The global throughput of its 51 container terminals is 129.40 million TEUs, ranking it first place among terminal operators in the world. Its businesses in container leasing, bunker fuel, offshore engineering & manufacturing, and vessel agency services also top the list among the world’s leading.
COSCO SHIPPING LINE Inc.
Headquartered in Secaucus, New Jersey, COSCO SHIPPING LINE Inc. is a regional management center for China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) which is globally headquartered in Shanghai, China. COSCO SHIPPING LINE governs COSCO SHIPPING’s business entities in North and Central America and the Caribbean. COSCO SHIPPING LINE is the integrated entity of China Shipping LINE Holdings and COSCO Americas, Inc., which was officially established on June 10, 2016.
COSCO SHIPPING LINE has established a stable business presence in the United States, Canada, Mexico, Panama and the Caribbean governing approximately 30 subsidiaries and joint venture companies throughout these countries.
Industry Leader & Innovator
In June of 2016, COSCO SHIPPING Panama became the first Post-Panamax vessel to transit the new locks of the expanded Panama Canal. This maiden voyage then paved the way for the COSCO Development, a 13,000-TEU vessel, to become the biggest vessel to ever call the US East Coast in May of 2017. These significant events were not only historical moments in maritime history, but also marked significant and successful milestones for the newly integrated COSCO SHIPPING LINE.
