As of 2003, COSCO Logistics engaged in shipping agency, freight forwarding, third party logistics and supporting services. China Road Transport Company was renamed into COSCO Logistics in 2001 (now part of COSCO Shipping Logistics). Two other government owned companies, China Marine Bunker Supply Company ( Chimbusco in short) and China Road Transport Company, which engaged in oil tanker and road transport businesses respectively, became the subsidiaries of the group in 19 respectively. The company became a holding company and renamed as China Ocean Shipping (Group) Company in 1993. China Ocean Shipping (Group) Company (1993–2015)

In 1981, COSCO won a contract from the Pakistani Government owned National Tanker Company of Pakistan, for crude oil transport. In the same year, COSCO became the Chinese side representative to collaborate with International Telephone and Telegraph on repairing the communication facilities in the coastal cities of China. The agreement opens the commercial sea routes between the United States and the People's Republic of China. Īfter US resumed the relation with China in the 1970s, China Ocean Shipping Company signed an agreement with American company Lykes Brothers Steamship Company in 1979. Guanghua made its maiden voyage to Jakarta for the People's Republic of China in April 1961. The Guangzhou subsidiary purchased a British vessel and renamed it as Guanghua ( Chinese: 光华). In the same year, a subsidiary was formed in Guangzhou, Guangdong Province. History China Ocean Shipping Company (1961–1993) Ĭhina Ocean Shipping Company, or COSCO in short, was founded in 1961 as a Chinese government agency. In addition, the Group is the largest liner carrier in China. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide.

In 2012, it was among China's top 15 brands. It ranks among the largest in both number of container ships and aggregate container volume in the world. The fleet calls at over a thousand ports worldwide. It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of 1,580,000 twenty-foot equivalent units (TEU), and a tanker fleet of 120 vessels. ĬOSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. COSCO Shipping was formed in January 2016 by a merger of COSCO and China Shipping Group as one conglomerate.ĬOSCO was founded in 1961 as a Chinese Government owned shipping and logistics services supplier company.

Wei Jiafu (left) meets with Deputy Foregin Minister of Greece, Dimitris Kourkoulas (right), 2012.Ĭhina Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is one of the major holding companies for COSCO Shipping, one of the world's largest shipping companies. COSCON has been actively engaged in Corporate Social Responsibility activities, and been encouraging functions and employees to undertake responsibilities for public welfare and disaster relief.President of COSCO Group Capt. Link to 'Awards'ĬOSCON puts premium on service quality and uphold the values of 'facilitated, Credible, harmonious and Outstanding'. As a result of this commitment, COSCON has consistently received awards and commendations. On top of China and Asia, COSCONâs plies its route between vital ports in Europe, America, Africa and Australia.ĬOSCON committed to providing eco-friendly, efficient and reliable container shipping services to global clients. In mainland China, COSCON boasts service coverage containing 300 sales and service points. COSCON has woven a huge global service network which consists of more than 400 sales and service points. (COSCON) is one of the worldâs leading providers of integrated container shipping service.Īs end of 2010, COSCON owns 150 container vessels totaling over 610,000 TEUs which are deployed in over 100 routes, covering 144 principal ports in 44 countries and regions.

Cosco tracking cargo