Company Overview of China Ocean Shipping (Group) Company
China Ocean Shipping (Group) Company engages in marine shipping, logistics, and ship building and repairing businesses. Its shipping business operations include container shipping services; bulk shipping services for products ranging from iron ore, coal, grain, fertilizer, steel, and timber to agricultural products, etc.; tanker shipping services for crude oil, product oil, LPG and LNG, etc.; liner and tramp services, including heavy lifts, semi-submersibles, RO-ROs, multi-purpose carriers, timbers, asphalts, and car carriers; and passenger and cargo shipping services. The company’s shipping related business activities comprise providing logistics services; developing and operating container...
158 Fuxingmennei Street
Founded in 1961
Key Executives for China Ocean Shipping (Group) Company
Chief Financial Officer and Chief Accountant
Executive Vice President and General Counsel
Compensation as of Fiscal Year 2014.
China Ocean Shipping (Group) Company Key Developments
China Ocean Shipping (Group) Company Announces Earnings Results for the Year Ended December 31, 2014
Mar 27 15
China Ocean Shipping (Group) Company announced earnings results for the year ended December 31, 2014. For the period, the company reported net profit attributable to the equity holders of the company of RMB 363 million, rising 54% year on year.
Maersk Line Orders Seven Ice-Class Container Vessels from COSCO
Mar 26 15
Maersk Line said it has ordered seven ice-class container vessels from COSCO as a first step in a $15 billion investment program. The value of the order was not disclosed. Deliveries were expected in the second half of 2017. The company said it needs new vessels to "grow with the market," and expects to announce more orders in 2015. The new ships will serve its fully-owned Seago Line in the Baltic and North Sea regions, including in icy conditions.
COSCO group Secures $1.75 Billion Credit Line for New Building Scheme
Jan 28 15
COSCO group has secured $1.75 billion financial agreement with Export-Import Bank of China (China Exim Bank) for its newbuilding programme. The development is coming after a United Kingdom based Moore Stephens maritime experts made public the outcome of its survey on confidence levels in the shipping industry. The loan will be used to fund COSCO to order 53 newbuildings at Chinese yards, including 90,000dwt semi-submersible vessels, 9,400teu container ships, as well as eco bulk carrier, which are planned to replace over 100 ships scrapped by COSCO within the past two years, according to the agreement.
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