The total fleet of China COSCO Shipping comprises of 1114 vessels with a capacity of 85.32 million DWT, ranking No.1 in the world. Its container fleet capacity is 1.58 million TEU, ranking the fourth in the world. Its self-owned dry bulk fleet (365 vessels/33.52 million DWT), tanker fleet(120 vessels/17.85 million DWT), general cargo and specialized cargo fleet (3 million DWT), are No.1 in the world in terms of capacity.
The Company owns over 46 container terminals all over the world, with over 190 berthing spaces. The throughput of its container terminals worldwide amounts to 90 million TEU, taking the second place in the world; the global sales volume of its ship bunker fuel exceeds 25 million tons, topping the world’s list; the container leasing business scale surpasses 2.7 million TEU, which is the third-largest in the world; and its offshore engineering manufacturing competence and vessel agency business are also leading in the world.
The vision of China COSCO Shipping is to undertake the mission of globalizing Chinese economy, consolidate advantageous resources, take global shipping, integrated logistics, and shipping related financial services as core business, and develop diversified industrial clusters, so as to build a world-leading business entity that provides integrated logistics and supply chain services.
Focusing on four strategic dimensions, which are “scale growth, profitability, anti-cyclical capability and building a global company”, the Group highlights the “6+1” industrial clusters layout. The “6” is shipping, logistics, finance, equipment manufacturing, shipping services, and social services industrial clusters. The “1” means “Internet Plus” business based on business model innovation. This layout will help facilitate the integration of shipping factors and build a world-class logistics service provider.
Shipping industrial cluster
The Company’s shipping industrial cluster comprises of container shipping, terminal investment and operation, tanker shipping, LNG shipping, dry bulk shipping and passenger liner services. As one of the core industrial clusters, it will further cement the position of China COSCO Shipping as the No. 1 integrated shipping company in the world.
Logistics industrial cluster
The logistics industrial cluster includes project logistics, freight forwarding, warehouses, multi-modal transport, vessel agency, etc. As a world-class third-party logistics service provider, the Company will be a good partner for Chinese enterprises to go global.
Finance industrial cluster
The finance industrial cluster includes ship leasing, shipping insurance, supply chain finance, logistics park investment, equity investment, and asset investment (especially infrastructure investment along the “Belt and Road”). Its objective is to become the No. 1 shipping finance and logistics finance industrial cluster in China and gradually taking on the leading status in the world.
Equipment manufacturing industrial cluster
The equipment manufacturing industrial cluster includes shipbuilding, offshore equipment manufacturing, ship repair, container manufacturing, etc. As a key industrial cluster, it will further sharpen its advantages in core technologies and market share in offshore equipment manufacturing, shipbuilding and other related fields.
Shipping services cluster
The shipping services cluster includes ship management, crew management, ship spare parts procurement, communication & navigation technology management, ship fuel and materials supply, etc. It will provide a strong guarantee for the major business segments of the Company.
Social services industrial cluster
The social services industrial cluster includes real estate development, hotel management, hospitals, universities and other social services. It is both an incubator for new industries and a base for professional training.
“Internet Plus” business
Based on business model innovation, the “Internet Plus” business will serve new demand with quality big data services, with an aim to propel upgrading and transformation of all our business segments, and combine internet resources with shipping factors.
Following the concept of “One Team, One Culture, One Goal and One Dream,” China COSCO Shipping Group strives to be an outstanding enterprise that is larger, more globalized, competitive and valuable, as well as a better practitioner of national initiatives, a better service provider for its customers, a better partner for its suppliers and a better career development platform for its employees.
