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Cosco Shipping

China Ocean Shipping (Group) Co, (COSCO Group) is a government-owned shipping and logistics services group based in Beijing. The company is one of the largest in the world in terms of the number of container ships, and has several listed arms: COSCO Pacific Ltd, China COSCO Holdings Company Ltd, COSCO International Holdings Ltd, Cosco Investment (Singapore) Ltd, Cosco Shipping Company Ltd.

Chairman / President

Wan Min

CEO / Managing Director

Wan Min

CFO / Finance Director

Xu Zunwu

Industry

Transport & Logistics

Website

coscoshipping.com

Headquarters address

628 Minsheng Road, Pudong New Area, Shanghai, China

Stock Code

SSE:601919
SEHK:1919

Year founded

1961

Balboa port was seized by Panamanian authorities in February. Photo: AP

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State-owned Cosco owns one of the world’s largest tanker fleets. Photo: AFP

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China-Latin America relations

US, China clash over Peru Chancay megaport after court bars regulator oversight

Ruling limits state supervision of Chinese-controlled hub, prompting sovereignty warning from Washington and sharp rebuttal from Beijing.

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The Port of Chancay, a US$1.3 billion deep-water hub north of Lima, is majority owned by Cosco Shipping Ports. Photo: Handout

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A container ship is guided by tugboats at a port in Panama. Photo: Reuters

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31 Dec 2025 - 8:29PM

Zhang Yong, a former executive at Chinese shipping giant Cosco Shipping Group, has been appointed a deputy director of Beijing’s liaison office in Hong Kong. Photo: Handout

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US highlights Panama security ties as China-linked canal ports deal stalls

US envoy’s coastguard visit near Panama comes as Beijing presses for Cosco control and Washington pushes back.

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US Ambassador Kevin Cabrera visited the US Coast Guard cutter Alert during its port call in Panama City, highlighting the enduring maritime partnership between the United States and Panama. Photo: Handout

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Nearby residents urged to stay indoors as firefighting efforts continue.

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This image taken from a video shows smoke rising from a blaze on a container ship docked at the Port of Los Angeles on Friday. Photo: ABC7/AP

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Washington’s ambassador under fire after urging Athens to sell the ancient port operated by Chinese shipping giant Cosco.

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Panama ‘moving fast’ to pre-qualify bidders to build 2 new port terminals

One-on-one meetings set for first week of December, canal’s chief administrator says amid stalled sale of Hong Kong-based CK Hutchison’s ports.

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The Port of Balboa at the Pacific entrance of the Panama Canal. Photo: AFP

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Panama Canal Authority says it has ‘launched a consultation process with representatives of the maritime industry to identify potential partners’.

28 Oct 2025 - 9:43PM

The Panama Canal Authority has met key industry players ahead of tendering its US$2.6 billion plan to build two new port terminals. Photo: AFP

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As China and US impose rival port fees, global shipping braces for disruption

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A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California, on April 10. Photo: AFP

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Will Peru’s Chancay Port be the next ‘Panama moment’ for China?

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Chancay Port in Peru is expected to become a hub of global trade. Photo: Xinhua

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30 Sep 2025 - 5:00PM

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Cosco Shipping

CK Hutchison subsidiary slams Panama for missing arbitration deadline

Panama Ports Company also confirms offices were raided by alleged ‘armed security forces’ and accuses authorities of disregarding rule of law.

China wants Brazil’s biggest port terminal. Washington just said no

Papers please: China raises pressure on Panama with ship inspection wave

Panama urges Chinese shipping giant Cosco to resume operations at canal

Minister for Canal Affairs Jose Ramon Icaza says Cosco’s 4 per cent of cargo transshipped in Balboa is ‘significant’ and hopes company returns.

What are Hong Kong’s next best steps after ‘two sessions’ in Beijing?

Analysts and members of NPC and CPPCC lay out their suggestions for city’s next moves following key political meetings in capital.

Strait of Hormuz transiting ships flash ‘China owner’ signals to evade blockade

Analysts see ‘diplomatic bulletproofing’ in vessels leveraging Beijing’s neutrality, while some Chinese-linked ships clear chokepoint.

CK Hutchison subsidiary seeks US$2 billion for Panama’s takeover of canal ports

Panama Ports Company says it has submitted claim for arbitration in compliance with rules of International Chamber of Commerce.

Maritime mayhem: shipping firms halt Gulf routes amid regional military strikes

Rising tensions in the Strait of Hormuz see vessels diverted and bookings suspended, as companies impose emergency fees of up to US$4,000 per unit.

Panama’s port takeover ‘culmination of a campaign’ against CK Hutchison

Company says officials entered terminals ‘without invitation’, told staff concession had ended and ordered immediate halt to operations.

US, China clash over Peru Chancay megaport after court bars regulator oversight

Ruling limits state supervision of Chinese-controlled hub, prompting sovereignty warning from Washington and sharp rebuttal from Beijing.

CK Hutchison tipped to sell remaining ports despite Panama court ruling: experts

But effort by billionaire Li Ka-shing’s conglomerate will still face scrutiny from Beijing and deal may be re-evaluated, analysts tell SCMP.

Can Peru keep both China and US onside in an increasingly volatile environment?

Its mineral resources make it a focus for superpower rivalry, but analysts say the country is in a very different situation to Venezuela.

Could 2026 be the make-or-break year of CK Hutchison’s Panama ports deal?

What began as a strategic exit for a Hong Kong conglomerate has devolved into a high-stakes stand-off between Washington and Beijing.

Ex-shipping leader joins Hong Kong liaison office amid stalled ports deal

Former executive of Chinese shipping giant Cosco will replace Qi Bin, who is set to take up role in top national advisory body.

US highlights Panama security ties as China-linked canal ports deal stalls

US envoy’s coastguard visit near Panama comes as Beijing presses for Cosco control and Washington pushes back.

.css-19im5qg{color:#c79a00;}Explainer | The return of Red Sea shipping: 3 scenarios for Chinese trade

Houthi rebels have signalled a halt in attacks on commercial ships in the Red Sea, allowing a possible end to costly detours.

China Tourism Group to chart new course in bid to dominate Asia’s cruise market

The combined venture will reportedly operate five cruise ships, with another under construction, as China strives to grow the industry.

Fire erupts at Los Angeles port triggering hazardous material alerts

Nearby residents urged to stay indoors as firefighting efforts continue.

Trump-Xi summit aftermath

Since presidents Donald Trump and Xi Jinping met on October 30, US-China trade relations have improved with a tariff rollback, soybean purchases resuming and new curbs put on shipments of fentanyl precursors.

China accuses US of undermining ties with Greece in envoy’s Piraeus port remarks

Washington’s ambassador under fire after urging Athens to sell the ancient port operated by Chinese shipping giant Cosco.

Panama ‘moving fast’ to pre-qualify bidders to build 2 new port terminals

One-on-one meetings set for first week of December, canal’s chief administrator says amid stalled sale of Hong Kong-based CK Hutchison’s ports.

Panama seeks partners in new port plan that ‘may ease US-China rivalry’

Panama Canal Authority says it has ‘launched a consultation process with representatives of the maritime industry to identify potential partners’.

‘Clear edge’: why China’s shipyards are still dominant despite US port fee drama

China’s shipbuilders already lead in terms of capacity, price and quality – and they will benefit from the green transition, insiders say.

CK Hutchison gets encouraging signs of a deal with Panama government

Panama is still open to being flexible and reaching an amicable agreement with CK Hutchison, owned by Hong Kong billionaire Li Ka-shing.

As China and US impose rival port fees, global shipping braces for disruption

But analysts say Beijing has left room to negotiate and could adjust its fees based on Washington’s actions.

Will Peru’s Chancay Port be the next ‘Panama moment’ for China?

The Chinese-invested facility is a flagship belt and road project in Latin America, a region the US sees as its backyard.

China hits back at Trump’s port fees with reciprocal charges for US ships

As US readies steep port fees targeting Chinese vessels, Beijing says it will begin levying similar surcharges for American ships next week.

China issues retaliatory rules ahead of US port fee targeting Chinese vessels

Beijing’s countermeasures seen as further complicating shipping routes connecting US and China, but the number of affected vessels could be small.

Explainer | The return of Red Sea shipping: 3 scenarios for Chinese trade