China COSCO Shipping Corporation Limited (“COSCO SHIPPING”) was formally established in Shanghai on February 18, 2016 as the merged entity of China Ocean Shipping Group (“COSCO”) and China Shipping Group Company (“China Shipping”).
COSCO SHIPPING’s total fleet of 1,291 vessels with a capacity of 104.34 million deadweight tons (DWT) is ranked number one in the world. Its dry bulk, tanker, and general & specialized cargoes fleets are also ranked number one. Its container fleet capacity of 2.99 million TEUs makes it the world’s third largest ocean carrier. The global throughput of its container terminals is 120.32 million TEUs, ranking it first place among terminal operators in the world. Its businesses in container leasing, bunker fuel, offshore engineering & manufacturing, and vessel agency services also top the list among the world’s leading.
Headquartered in Secaucus, New Jersey, COSCO SHIPPING (North America) Inc. is a regional management center for China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) which is globally headquartered in Shanghai, China. COSCO SHIPPING (North America) governs COSCO SHIPPING’s business entities in North and Central America and the Caribbean. COSCO SHIPPING (North America) is the integrated entity of China Shipping (North America) Holdings and COSCO Americas, Inc., which was officially established on June 10, 2016.
COSCO SHIPPING (North America) has established a stable business presence in the United States, Canada, Mexico, and Panama, governing approximately 30 subsidiaries and joint venture companies throughout these countries.
In June of 2016, COSCO SHIPPING Panama became the first Post-Panamax vessel to transit the new locks of the expanded Panama Canal. This maiden voyage then paved the way for the COSCO Development, a 13,000-TEU vessel, to become the biggest vessel to ever call the US East Coast in May of 2017. These significant events were not only historical moments in maritime history, but also marked significant and successful milestones for the newly integrated COSCO SHIPPING (North America).