China Ocean Shipping Company (COSCO)
Company description
China Ocean Shipping (Group) Company, known as COSCO or COSCO Group, is a Chinese shipping and logistics services supplier company. It is a government-owned company of the People's Republic of China. Its headquarters is in Ocean Plaza in the Xicheng District in Beijing. It owns more than 130 vessels (with a capacity of 600,000 twenty-foot equivalent units (TEU)) and calls on over a thousand ports worldwide. It ranks sixth largest in number of container ships and ninth largest in aggregate container volume in the world.
They are the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China.
Company details
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Company updates
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April 10, 2023
Loan approved for Chancay port terminal project in Peru
Cosco Shipping Ports Chancay Peru (CSP Chancay) has secured a US$975 million loan from Chinese banks for the construction and development of a port terminal in Peru. The lead arrangers for the 15-yea...
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March 21, 2023
Investment announced for two new container terminals Projects in Egypt
Hutchison Ports has announced an investment of US$700 million in two port projects in Egypt. The projects will be located at the Ain Sokhna Port and the Port of Alexandria. The company's ov...
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May 23, 2022
Construction contract signed for Chancay Port Terminal PPP project
Cosco Shipping company has signed a US$600 million construction agreement with China Harbour Engineering Corporation for Chancay multipurpose port terminal in Peru. The agreement involves the co...
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June 11, 2021
Cosco to acquire minority stake in terminal in Hamburg
Cosco Shipping Ports Limited (CSPL) is negotiating with Hamburger Hafen & Logistik to purchase a minority stake in HHLA Container Terminal Tollerort GmbH (CTT). CTT is a wholly-owned subsidi...
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September 24, 2019
Cosco Shipping enters agreement for the sale of three Chinese port terminals stakes
COSCO SHIPPING Ports Limited, a leading ports operator in the world, has entered into an agreement with SIPG (HK) for the sale of the company stakes in three port terminals China. The facilities...
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March 14, 2019
COSCO Shipping Ports takes 60% stake in Chancay Terminal from Volcan CompañÃa Minera
COSCO SHIPPING Ports Limited has announced its acquisition of a 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A. for a total consider...
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January 10, 2019
Bids submitted for takeover of Californian port concession
Bids have reportedly been submitted for the sale of Orient Overseas Container Line (OOCL)'s 40-year concession to operate Long Beach Container Terminal by Blackstone Group, KKR, EQT Partners and Macqu...
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February 02, 2017
China's COSCO to increase stake in Qingdao port operator
COSCO Shipping Ports has announced it will acquire a 16.82% stake in Qingdao Port International (QPI), operator of China's sixth busiest port.
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October 21, 2016
APM Terminals sells container terminal
APM Terminals has concluded an agreement with China COSCO Shipping Ports subject to customary conditions for the sale of a minority share in a new joint venture created for the APM Terminals Global Te...
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August 22, 2016
Cosco completes acquisition of Piraeus port
COSCO Container Lines Co., Ltd. (COSCO), a Chinese leading provider of integrated container shipping service, has announced it has officially completed the acquisition of a majority sta...
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