COSCO

China Ocean Shipping Company (COSCO) is a Chinese state-owned shipping and logistics conglomerate. Founded in 1961 to develop China’s merchant fleet and maritime trade, COSCO is headquartered in Beijing and operates under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

In 2016, COSCO merged with the China Shipping Group to form China COSCO Shipping Corporation Limited, the parent company for the combined businesses. The group operates through multiple subsidiaries that cover container shipping, bulk shipping, port operations, logistics, shipbuilding and related services. Its container line, ships and logistics networks span Asia, Europe, the Americas and other regions, reflecting a global maritime footprint.

COSCO's port and terminal activities are carried out by COSCO Shipping Ports and related entities, while fleet operations include container ships, dry bulk and tanker vessels. The group is active in port development and terminal management worldwide, often through joint ventures and strategic alliances.

Among its notable international investments is the ownership and operation of significant port facilities through COSCO Shipping Ports and other holdings, including investments in the Port of Piraeus in Greece and additional terminals across Asia, Africa and the Americas.

As a large state-owned enterprise, COSCO operates under government oversight and participates in global maritime arrangements such as shipping alliances and international regulatory compliance, while facing industry challenges such as market volatility, environmental regulation and competition in the container shipping sector.