China Ocean Shipping (Group) Company (COSCO)

A Look into China Ocean Shipping (Group) Company (COSCO)

CEO: Bill Griffin
Headquarter: Beijing, China
Revenue: $ 1.7 billion for Q2 2023
Contact: Website | Linkenln

China Ocean Shipping (Group) Company (COSCO) is a leading player in the Asia Pacific logistics industry. Founded in 1961, the Shanghai-headquartered company covers over 180 cargo ports worldwide with its superior networking capabilities. As of 2019, the group operates a fleet of 592 vessels, carrying 11.6 million TEUs per year.

COSCO’s dedicated team of seasoned professionals not only meets the needs of its customers but also strives to improve its services. The group has implemented several innovative technologies, such as container tracking systems, and automated customer service channels. It also specializes in freight forwarding, ocean transportation, project logistics, and intermodal services.

For over five decades, COSCO has been providing its shippers with reliable and efficient logistic solutions. It enables its customers to transport goods safely and quickly with its cost-effective and eco-friendly solutions. The company is also actively competing with other global industry giants such as Maersk and Evergreen.

Key Geographic Locations of COSCO

COSCO’s market presence is focused mainly on the technological powerhouse, China. It is one of the few logistics companies in China that has the capability to provide service on an international level. The group also maintains a presence in Europe, North America, South America, the Middle East, Southeast Asia, and the Indian Subcontinent.

COSCO’s Vision & Strategies

COSCO’s vision is to become a “pre-eminent global shipping group and provide premium services to customers.” To realize this vision, the group follows four strategies: building quality ships, developing new trade routes and services, enhancing operational efficiency, and strengthening corporate governance.

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Sarah Johnson

Last updated: October 25, 2023

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