Inaugurated today the new shipowning group COSCO Shipping Corporation Lowers, that he is world leader with a fleet of 1.114 ships



Today to Shanghai, to the presence of the secretary of the Communist Party of the Chinese city and of high exponents of the central government, formally the new shipowning group is instituted Lowers COSCO Shipping Corporation Ltd. (COSCOCS), that legally it is constituted at the beginning of this year after at the end of 2015 had reached the green light of the Council of State of the Chinese Popular Republic the fusion between China Ocean Shipping (Group) Co. (COSCO), company founded in 1961, and China Shipping (Group) Co. (CS), that it is constituted in 1997 ( on 10 December 2015).

With its 1,114 ships for an ability to cargo total pairs to 85,32 million gross capacities in tons, COSCOCS, that it has center to Shanghai, is the more world-wide shipowning large group. The new group has emphasized that the first place is yields of its leadership in terms of ability to the fleet of property in the fields of the portarinfuse, with 365 ships for a total of 33,52 million gross capacities in tons operated mainly with the marks Lowers COSCO Bulk Shipping (Group) Co. and Shipping Lowers Bulk Carrier Co., of the tankers, with 120 ships for 17,85 million tpl managed mainly by Lowers Shipping Development Co. let alone from the Dalian Ocean Shipping Co., of the general and specialized ships for goods, of the million ability three tpl, and with the quarter place in the world-wide ranking in the segment of the portacontainer with a fleet of the ability to 1,58 million container teu that brand COSCO is under responsibility of Container Lines (COSCON).

Moreover the new shipowning group counts on an own net of 46 harbour terminals for the traffic of the container, managed from COSCO Pacific, that it is the second one in the world for traffic volume enlivening annually 90 million teu. COSCOCS has evidenced also own world-wide leadership in the segment of the bunker sale, with annual supplies that exceed 25 million the tons, let alone the own third world-wide position in classifies of the main societies of chartering of container, with a fleet of the consistency pairs to beyond 2,7 million teu, and the own primary world-wide net of marine agencies and services for the offshore industry. The new group is present also in the field of the transport of the passengers through the Xiamen Ocean Shipping Co. (COSCO Xiamen) and China Shipping Passenger Liner Co. (CS Passenger Line).

In its participation president of COSCOCS, Xu Lirong, has rimarcato as the birth of the new group is framed in the spirit of reform of the main economic activities of state property and as it has become necessary in order to answer actively to the total competition.