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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

last updated:

30 September, 2024

China trade

Amid US tariff threats, can port in Peru open up new markets for China?

US$3.5 billion Chancay port will initially be able to handle 1 million containers a year.

27 Nov 2024 - 5:33PMvideocam

Belt and Road Initiative

Xi hails Peru megaport as new era in China’s belt and road ambitions

16 Nov 2024 - 2:08AMvideocam

Belt and Road Initiative

Planned link to Brazil raises geopolitical stakes for China-funded port in Peru

12 Nov 2024 - 3:08AMvideocam

China-EU relations

Opinion | How EV tariffs broke EU consensus and China’s ‘divide and rule’ plan

Beijing might have successfully split France and Germany, but the actions of Greece and Serbia show the limits of its plans in Europe.

13 Oct 2024 - 5:30AMvideocam

Vehicles queue near the EU headquarters in Brussels on October 4. The European Commission has voted to impose tariffs on EVs manufactured in China, with only five member nations voting against the plan. Photo: Xinhua

Diplomacy

Chinese telecoms giant Huawei signs deal to train thousands of Peruvians

The tech giant signed the deal as Peru’s President Dina Boluarte visited its headquarters in the southern city of Shenzhen.

26 Jun 2024 - 8:27PMvideocam

Americas and the Caribbean

Peru resolves Chinese megaport dispute as president prepares to meet Xi

A lawsuit challenging Chinese state-owned firm Cosco’s status as the exclusive operator of the US$1.3 billion facility has been dropped.

26 Jun 2024 - 5:50AM

Business of climate change

World shipping’s green fuel adoption puts cart before horse as supply struggles

The global shipping industry may have put the cart before the horse as green fuel supplies lag the needs of ships that are switching to low carbon energy sources.

29 May 2024 - 5:51PMvideocam

View of cargo ships and containers at the Hong Kong Container Terminal, Kwai Chung. Photo: Winson Wong

Peru

Why is US concerned about China’s troubled US$3.6 billion port project in Peru?

Unprecedented logistics centre in Latin America financed by Beijing’s Belt and Road Initiative is locked in a legal battle over its operation.

16 May 2024 - 4:02AMvideocam

China trade

Peru seeks to avoid arbitration over Chinese-built megaport

Dispute erupts over Peru port authority ‘error’ that gave Cosco Shipping exclusivity over operations.

30 Apr 2024 - 10:02AMvideocam

Science

World’s largest electric container ship starts service between Chinese cities

Chinese-built Cosco vessel to help cut emissions as the battery-powered ship begins weekly service.

29 Apr 2024 - 11:00AMvideocam

The world’s biggest fully electric container ship built in China by state-owned shipping group Cosco will start a regular weekly service between Shanghai and Nanjing. Photo: Handout

Middle East

Editorial | Air strikes on Houthis only escalate tensions as UN pursues peace

As war between Israel and Gaza rages, US and British attacks on Yemen in Red Sea showdown risk spreading the conflict further.

13 Jan 2024 - 12:40AM

A missile is launched from a warship during a US-led coalition operation against military targets in Yemen, aimed at the Iran-backed Houthi militia that has been targeting international shipping in the Red Sea. Photo: Reuters

Diplomacy

Opinion | China’s inaction over Red Sea shipping attacks could exact a high price

China may criticise the US for turning the Middle East into a geopolitical arena but, by not joining the US-led effort to counter Houthi attacks on ships in the Red Sea, Beijing appears to be equally engaged in geopolitical manoeuvres rather than prioritising regional security.

24 Dec 2023 - 9:30AM

Business of climate change

Greener shipping: why China will drive the industry’s adoption of wind power

As the world’s ‘shipping mecca’, China is in a strong position to manufacture and install wind-assisted propulsion technology, says the CEO of a UK-based company that offers an automated sail system capable of slashing fuel use by up to 30 per cent.

18 Oct 2023 - 10:31AM

Business of climate change

China’s launch of biofuel shipping fuel is only the start of industry’s green push

Hong Kong’s largest shipping fuel supplier has achieved a first for China by refuelling an ocean-going vessel using a climate-friendly marine biofuel mix. It must continue its search for other affordable long-term alternatives, says a senior executive.

12 Sep 2023 - 3:03PMvideocam

Shipping accounts for around 3 per cent of global carbon emissions, according to the International Maritime Organisation. Photo: AFP

US-China relations

US raises alarm as Chinese platform corners global shipping logistics market

Warnings that Beijing, via Logink, could ‘gain access to and control massive amounts of sensitive’ data, including the commercial transport of US military cargo and critical market information.

8 Sep 2023 - 12:16AMvideocam

China-EU relations

Germany says controversial Chinese stake in Hamburg port to go ahead

Berlin had been reassessing whether to let the deal proceed amid security concerns over the sale of what has been classed as critical infrastructure.

11 May 2023 - 2:53AMvideocam

Germany

Germany reviews controversial Chinese stake in port

Berlin is re-evaluating its economic relationship with Beijing amid concerns over human rights, ties with Russia and the escalation of tensions over Taiwan.

12 Apr 2023 - 11:56PMvideocam

Blockchain

Maersk’s exit from blockchain-based logistics leaves the field open for China

Hong Kong-based Global Shipping Business Network has the largest blockchain platform for collaboration in shipping and logistics after Maersk and IBM’s TradeLens closed.

10 Apr 2023 - 6:30AMvideocam

Four years after Maersk and IBM teamed up to create the blockchain-based TradeLens platform, the programme was shut down, leaving the door open for rivals. Photo: Xinhua

Mergers & Acquisitions

Singapore’s PSA may sell Hutchison Ports stake to China’s state firms

Billionaire Li Ka-shing ’s conglomerate CK Hutchison counts businesses spanning ports, retail, infrastructure and telecommunications, with holdings in about 51 ports in 25 countries, its website shows.

14 Mar 2023 - 1:45PM

China-EU relations

Exclusive | Germany’s ‘China City’ Duisburg cuts ties with tech giant Huawei

Smart cities collaboration is on hold pending federal government’s new China policy and against background of ‘current relations’ between Beijing and Russia, spokesman for mayor’s office says.

9 Nov 2022 - 11:26PMvideocam

China-EU relations

German lawmaker joins talks with Taiwan leader, criticises Scholz’s China policy

An eight-member European delegation from the Inter-Parliamentary Alliance on China travelled to Taipei to discuss deeper economic and political ties with Taiwan.

4 Nov 2022 - 6:24AMvideocam

German Chancellor Olaf Scholz will lead a business delegation to Beijing starting on Friday. Photo: dpa

China-EU relations

German leader Scholz under scrutiny as he leads business delegation to China

Chancellor under pressure to take tougher line, while European allies fear trip will undermine efforts to talk to Beijing in ‘single voice’.

3 Nov 2022 - 7:15PMvideocam

German Chancellor Olaf Scholz will be the first Western European leader to visit Beijing since before the pandemic. Photo: EPA-EFE

China-EU relations

Ports in a storm: Chinese investments in Europe spark fear of malign influence

Cosco stakes in Belgium’s two largest shipping ports and one in Germany renew scrutiny of Chinese ownership of critical EU infrastructure.

31 Oct 2022 - 3:54PMvideocam

Germany

Chinese shipping giant allowed stake in Germany’s largest port

27 Oct 2022 - 3:16PM

China-EU relations

Germany backs port bid by China’s Cosco shipping despite security warnings

Compromise decision by Olaf Scholz cabinet follows controversy at home exposing divisions on China policy and EU warnings on strong Beijing ties.

26 Oct 2022 - 11:26PMvideocam

Germany

Germany may allow smaller Chinese stake in Hamburg port to calm critics

Berlin likely to allow Cosco take a smaller than planned 24.9-per cent stake in one of logistics firm HHLA’s three terminals in Germany’s largest port.

25 Oct 2022 - 8:30PM

A Cosco container ship is unloaded at a terminal in the port of Hamburg, Germany. File photo: Reuters

Business of climate change

‘Outdated’ shipping industry ‘needs cooperation’ to reduce carbon footprint

‘We must work hand in hand with partners across the supply chain to make sure we take the right steps towards decarbonising the entire production system,’ says chairman of Wah Kwong Maritime Transport Holdings.

1 Sep 2022 - 7:30AMvideocam

US-China relations

China’s ambassador continues push to enlist US business allies against tariffs

For the second time in two weeks, a senior Chinese diplomat in the US speaks with members of the business and trade community about tensions with Washington.

22 Jan 2022 - 8:34AM

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