Friday, July 6, 2012
Ocean Shipping in China
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 Xicheng District, Beijing. According to the company, it owns over 130 vessels (with a capacity of 600,000 twenty-foot equivalent units (TEU)) and calls on over 1,000 ports worldwide. It ranks sixth largest in number of container 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 30 million metric tons deadweight (DWT). 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.On 8.8.2011 China National Philatelic Corporation issued an FDC carrying a set of two special stamps entitled “Ocean Shipping of China”, with a total face value of 2.40 yuan, as displayed. The pictures on the stamps depict a “container transport” and the other shows “bulk shipping”. My friend Harry sent me this FDC.