COSCO
Encyclopedia
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
companies worldwide. It is a government owned company of the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. Its headquarters is in Ocean Plaza in Xicheng District
Xicheng District
Xicheng District is a district in Beijing, China. Xicheng District spans 32 square kilometres, making it the largest portion of the old city , and has 706,691 inhabitants . Its postal code is 100032. Xicheng is subdivided into 15 subdistricts of the city proper of Beijing...
, Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
.
According to the company, it owns over 130 vessels (with a capacity of ) and calls on over 1,000 ports worldwide. It ranks sixth largest in number of container
Containerization
Containerization is a system of freight transport based on a range of steel intermodal containers...
ships and ninth largest in aggregate container volume in the world.
The Group contains six listed companies and has more than 300 subsidiaries locally and abroad, providing services in freight forwarding, ship building, ship repair, terminal operation, container manufacturing, trade, financing, real estate, and information technology. The Group owns and operates a fleet of around 550 vessels, with total carrying capacity of up to .
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.
Subsidiaries
There are seven listed companies of COSCO:- Hong KongHong Kong Stock ExchangeThe Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
: COSCO PacificCOSCO PacificCOSCO Pacific Limited , headquartered in Hong Kong, is a subsidiary and listed company of COSCO Group owned by COSCO Group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding.It has been a Hang Seng Index Constituent...
Ltd. - Hong Kong: COSCO International HoldingsCOSCO International HoldingsCOSCO International Holdings Limited is the subsidiary of COSCO Group . It is engaged in ship trading and supplying services...
Ltd. - Hong Kong: China COSCOChina COSCOChina COSCO Holdings Company Limited was established in the People's Republic of China in 2005. It is the listed flagship and subsidiary of China Ocean Shipping Company , the largest integrated shipping company in China and the second largest in the world...
Holdings Co. Ltd. (H shares) - ShanghaiShanghai Stock ExchangeThe Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
: China COSCOChina COSCOChina COSCO Holdings Company Limited was established in the People's Republic of China in 2005. It is the listed flagship and subsidiary of China Ocean Shipping Company , the largest integrated shipping company in China and the second largest in the world...
Holdings Co. Ltd. (A shares) - ShenzhenShenzhen Stock ExchangeThe Shenzhen Stock Exchange is one of the People's Republic of China's two stock exchanges, alongside the Shanghai Stock Exchange. It is based in Shenzhen, China...
: China International Marine ContainersChina International Marine ContainersChina International Marine Containers Co., Ltd is a Chinese company principally engaged in the manufacture and sale of transportation equipment, such as containers, road transport vehicles and airport ground-handling equipment....
(Group) Co. Ltd. - ShenzhenShenzhen Stock ExchangeThe Shenzhen Stock Exchange is one of the People's Republic of China's two stock exchanges, alongside the Shanghai Stock Exchange. It is based in Shenzhen, China...
: China International Marine Containers (Group) Co. Ltd. (B shares) - Singapore: COSCO Corporation (Singapore) Limited
- JapanJapanJapan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
: COSCO Container Lines Japan Co., Ltd.
2007 San Francisco Bay oil spill
M/V COSCO Busan was not owned operated or in any way controlled by COSCO Group or any of its subsidiary companies. Shortly after the vessel struck the San Francisco – Oakland Bay Bridge, she was sold by her owners, Fleet Management Ltd., and rechristened, MSC Hanjin Venezia.2009 Norway oil spill
On 31 July 2009, the Panama-flagged bulk carrierBulk carrier
A bulk carrier, bulk freighter, or bulker is a merchant ship specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, and cement in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have fueled the development of these ships,...
, Full City
Full City
Full City is a Panama-flagged bulk carrier made infamous by running aground after an engine failure during a storm near Langesund, Telemark, Norway, spilling 200 tons of heavy bunker fuel oil in a sensitive wildlife area on 31 July 2009. Full City was built by Hakodate Dockyard Co. Ltd...
, operated by COSCO, experienced engine failure and ran aground near Langesund
Langesund
is the administrative centre of the municipality of Bamble, Norway.The town of Langesund was established as a municipality January 1, 1838...
, Telemark
Telemark
is a county in Norway, bordering Vestfold, Buskerud, Hordaland, Rogaland and Aust-Agder. The county administration is in Skien. Until 1919 the county was known as Bratsberg amt.-Location:...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
during a storm, spilling 200 tons of heavy bunker fuel oil
Fuel oil
Fuel oil is a fraction obtained from petroleum distillation, either as a distillate or a residue. Broadly speaking, fuel oil is any liquid petroleum product that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash...
in a sensitive wildlife area.
2010 Great Barrier Reef grounding
On the 3 April 2010 ran aground approximately 70 km (38 NM) east of Great Keppel IslandGreat Keppel Island
Great Keppel Island lies 15 kilometres from the coast off Yeppoon, Central Queensland, Australia. The island is the largest of the eighteen islands in the Keppel Group, and covers an area of more than 14.5 square kilometres...
, Australia. 975 tonnes of heavy bunker fuel oil
Fuel oil
Fuel oil is a fraction obtained from petroleum distillation, either as a distillate or a residue. Broadly speaking, fuel oil is any liquid petroleum product that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash...
was on board and oil leaked from the ship. The ship was 15 NM off course and in the Great Barrier Reef Marine Park
Great Barrier Reef Marine Park
The Great Barrier Reef Marine Park protects a large part of Australia's Great Barrier Reef from damaging activities. Fishing and the removal of artefacts or...
, which is closed to commercial shipping. The Australian Maritime Safety Authority
Australian Maritime Safety Authority
Australian Maritime Safety Authority is responsible, on behalf of the Commonwealth Government of Australia, for the regulation and safety oversight of Australia's shipping fleet and management of Australia's international maritime obligations...
has revealed that a shipping plan was lodged for Shen Neng 1 to travel between Douglas Shoal and the Capricorn Group, where there is a gap of 6 NM.