COSCO Shipping Group - statistics & facts
Against the background of the continued downturn in the shipping industry, China COSCO Shipping Corporation Limited (COSCO Shipping Group) was established in 2016 by the merger of China Ocean Shipping Company (COSCO) and China Shipping Company. Headquartered in Shanghai, COSCO Shipping is a mega state-owned enterprise with a vision to help fulfill the mission of China's economic globalization. Its business is supported by three core industry clusters (shipping, port operation, and integrated logistics) and four value-added services (equipment manufacturing, shipping services, social services, and ‘Internet plus‘ business). By far, COSCO Shipping is the world's largest shipping company, with several subsidiaries under the umbrella, such as COSCO Shipping Holdings, COSCO Shipping Lines, and COSCO Shipping Ports. Furthermore, COSCO Shipping is the largest logistics service provider in China.
