China Ocean Shipping Company (COSCO)

Company description

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 the Xicheng District in Beijing. It owns more than 130 vessels (with a capacity of 600,000 twenty-foot equivalent units (TEU)) and calls on over a thousand ports worldwide.  It ranks sixth largest in number of container ships and ninth largest in aggregate container volume in the world.

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.

Company details

City:
Shanghai
Address:
No.378, Dong Da Ming Road

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • December 12, 2019

    Government of Greece to sell majority stake in Piraeus Port Authority

    The government of Greece has launched a transaction to sell a 67% stake in Piraeus Port Authority, the company responsible for the management of pier 1 in Piraeus port near Athens. The Port of Pi...

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  • September 24, 2019

    Cosco Shipping enters agreement for the sale of three Chinese port terminals stakes

    COSCO SHIPPING Ports Limited, a leading ports operator in the world, has entered into an agreement with SIPG (HK) for the sale of the company stakes in three port terminals China. The facilities...

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  • March 14, 2019

    COSCO Shipping Ports takes 60% stake in Chancay Terminal from Volcan Compañía Minera

    COSCO SHIPPING Ports Limited has announced its acquisition of a 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A. for a total consider...

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  • January 10, 2019

    Bids submitted for takeover of Californian port concession

    Bids have reportedly been submitted for the sale of Orient Overseas Container Line (OOCL)'s 40-year concession to operate Long Beach Container Terminal by Blackstone Group, KKR, EQT Partners and Macqu...

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  • February 02, 2017

    China's COSCO to increase stake in Qingdao port operator

    COSCO Shipping Ports has announced it will acquire a 16.82% stake in Qingdao Port International (QPI), operator of China's sixth busiest port.

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  • October 21, 2016

    APM Terminals sells container terminal

    APM Terminals has concluded an agreement with China COSCO Shipping Ports subject to customary conditions for the sale of a minority share in a new joint venture created for the APM Terminals Global Te...

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  • August 22, 2016

    Cosco completes acquisition of Piraeus port

    COSCO Container Lines Co., Ltd. (COSCO), a Chinese leading provider of integrated container shipping service, has announced it has officially completed the acquisition of a majority sta...

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  • April 11, 2016

    China Cosco signs Piraeus port majority stake

    This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by...

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  • March 22, 2016

    Signature date set for Piraeus Port privatization

    According to a senior source from the Greece privatization fund (TAIPED), the signing of the agreement for the transfer of the majority stake in Piraeus Port Authority (OLP) to China’s Cosco Pac...

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  • February 01, 2016

    Greece accept Cosco´s improved offer for Piraeus port

    Greece accepted on Jan. 21 an improved bid of €368.5 million by Cosco Group to acquire a 67 percent stake in Piraeus Port.

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