August 24, 2017 4:46 AM ET

Marine

Company Overview of COSCO SHIPPING Lines Co., Ltd.

Company Overview

COSCO SHIPPING Lines Co., Ltd. provides integrated container shipping services. It operates container vessels that connect Dalian, Tianjin, Qingdao, Shanghai, Guangzhou, Shenzhen, Xiamen, and Wuhan; and container vessels across Europe, America, Asia, Africa, and Australia. COSCO SHIPPING Lines Co., Ltd. was formerly known as COSCO Container Lines Co., Ltd. and changed its name to COSCO SHIPPING Lines Co., Ltd. on Nov 18, 2016. The company was founded in 1993 and is based in Shanghai, China with additional offices in Asia, Oceania, Africa, Europe, and America. COSCO SHIPPING Lines Co., Ltd. operates as a subsidiary of China COSCO Holdings Company Limited.

No.378

Dong Da Ming Road

Shanghai,  200080

China

Founded in 1993

Phone:

86 21 3512 4888

Fax:

86 21 6545 8984

Key Executives for COSCO SHIPPING Lines Co., Ltd.

General Manager
Age: 44
Deputy Managing Director
Age: 53
Chief Accountant
Deputy Managing Director
Deputy Managing Director
Compensation as of Fiscal Year 2017.

COSCO SHIPPING Lines Co., Ltd. Key Developments

COSCO Container Lines Co., Ltd. has Changed its Name to COSCO Shipping Lines Co., Ltd

On November 18, 2016, COSCO Container Lines Co., Ltd. changed its name to COSCO Shipping Lines Co., Ltd.

COSCO Container Lines Co., Ltd. Signs Memorandum of Understanding with CMA CGM S.A., Evergreen Marine Corp. (Taiwan) Ltd. and Orient Overseas Container Line Limited in Shanghai to Form OCEAN Alliance

On 20 April 2016, COSCO Container Lines Co., Ltd. signed a memorandum of understanding with CMA CGM S.A., Evergreen Marine Corp. (Taiwan) Ltd. and Orient Overseas Container Line Limited in Shanghai to form OCEAN Alliance enabling each of them to offer competitive products and comprehensive service networks covering the Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, Trans-Pacific, Asia-North America East Coast and Trans-Atlantic trades. Subject to regulatory approvals of competent authorities, the alliance plans to begin operations in April 2017. The initial period of the alliance shall be five years. The signing of the memorandum of understanding indicates that each line will offer best-in-class services to customers with fast transit times, competitive sailing frequencies and the most extensive port coverage in the market. The alliance will allow each of its members to bring significantly improved services to its respective customers. Shippers will have an attractive selection of frequent departures and direct calls to meet their supply chain needs, including access to a vast network with the number of sailings and port rotations connecting markets in Asia, Europe and the United States. The Alliance will also bring service reliability and the most efficient integration of the latest vessels in a fleet of over 350 containerships. Initially the deployment will cover more than 40 services globally mostly connected with Asia, including about 20 services each in the U.S. and Europe related trades. The alliance is a better match for the globalization strategy of COSCON.

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