China COSCO Holdings Company Limited, an investment holding company, provides container shipping, dry bulk cargo shipping, container leasing, and logistics services worldwide. The company also engages in the management and operation of container terminals. Operations Container Shipping and Related Businesses The company operates its container shipping and related businesses through COSCO Container Lines Company Limited (COSCON), its wholly-owned subsidiary. As of December 31, 2008, COSCON operated a total fleet of 141 vessels, with a total capacity reaching 496,317 TEUs, which calls at approximately 150 ports in approximately 53 countries and regions across the world; and operated 67 international routes, 11 international feeder service routes, 21 coastal service routes in the People’s Republic of China (PRC), and 59 Pearl River Delta and Yangtze River feeder service routes. COSCON has a sales and services network across worldwide. As of December 31, 2008, COSCON owned approximately 400 sales and service points in the PRC and overseas. Dry Bulk Cargo Shipping Business The company operates its dry bulk cargo shipping business through COSCO Bulk Carrier Co., Ltd. (COSCO Bulk), Qingdao Ocean Shipping Company (COSCO Qingdao), COSCO (Hong Kong) Shipping Co., Ltd. (COSCO HK Shipping), and Shenzhen Ocean Shipping Co., Ltd. (COSCO Shenzhen). As of December 31, 2008, China COSCO operated 443 dry bulk cargo vessels, among which 210 were owned by the company and 233 were charted-in. Its vessels have a total shipping capacity of 34,361,005 DWT. Logistics Business The company provides integrated logistics services (including third party logistics shipping agency and freight forwarding) through its controlling subsidiary, COSCO Logistics Co., Ltd. (COSCO Logistics, whose equity interests are held as to 51% by the company directly, and 49 % by COSCO Pacific Limited (COSCO Pacific), in which the company owns approximately 51% equity interest). COSCO Logistics has approximately 400 business branches in 29 provinces, cities and autonomous regions in the PRC, Hong Kong, and overseas. Terminal Business The company operates its terminal business through COSCO Pacific. As of December 31, 2008, COSCO Pacific had invested in 28 terminal projects globally, with a total of 146 berths. The company operates its container leasing business through Florens Container Holdings Limited (Florens), a subsidiary of COSCO Pacific. As of December 31, 2008, Florens owned and managed a container fleet of 1,621,222 TEUs. Container Manufacturing Business In addition, the company also engages in the container manufacturing business through COSCO Pacific’s associate China International Marine Containers (Group) Co., Ltd. (CIMC), in which COSCO Pacific held 21.8% equity interest as of December 31, 2008. Markets The company has operations in America, Europe, the Asia Pacific, China domestic, and other international markets. Acquisitions In February and May 2008, the company acquired from COSCO Group the equity interests in COSCO Panama Maritime S.A. and COSCO Brazil S/A. Dispositions In December 2008, the company disposed of its 51% equity interest in Qingdao Yatao International Freight Co., Ltd. History China COSCO Holdings Company Limited was founded in 2005.
china cosco holdings-a
(601919:Shanghai Stock Exchange)
12 Yuanhang Business Centre
Central Boulevard and East Seven Road Junction
Tianjin Port Free Trade Zone
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