![]() ![]() ![]() What is more, human resource of up to 80,000 staff members, including approximately 5,000 foreigners, has all the time been put into the first place. Commitment Orientation Seriously Carried Out concentrate the new image of COSCO. Ships and containers with the conspicuous "COSCO" logo are shuttling among 1,300 ports in more than 160 countries and regions around the world. Abroad, with North America, Europe, Japan, South Korea, Singapore, Australia, South Africa and West Asia as lucrative markets linked by shipping routes, we have formed a transnational operating network capable of reaching all major areas of the world. In China, our wholly-owned subsidiaries scattering in Guangzhou, Shanghai, Tianjin, Qingdao, Dalian, Xiamen and Hong Kong own and operate various types of ocean shipping fleets for the shipment of containership, bulk carrier, oil tanker as well as specialized carrier. As far as the fleet capacity is concerned, we now own and operate a variety of merchant fleet of some 600 vessels with total carrying capacity of up to 35 million DWT, which help make a hit with achieving annual traffic volume of more than 300 million tons.Īs a global company with shipping and modern logistics as the core business, COSCO cherishes its abundant resources of hundreds of member units and service networks both in home and abroad. Today, followed by more than 40 years of arduous efforts, COSCO has successfully molded itself into a global company with one of the most recognized and admired brand name in the world. It is an international giant, specializing in shipping and modern logistics, serving as a shipping agency and providing with services in freight forwarding, shipbuilding, shiprepairing, terminal operation, trade, financing, real estate and IT industry as well with an aim at taking one of the leading roles in these areas. Germany is working on a new strategy towards China, its top trading partner, aiming to reduce its dependence on the Asian economic superpower and addressing security concerns.Founded on Apas the pioneer of international shipping carrier in China, together with the reconstruction of national transportation resources on February 16, 1993, China Ocean Shipping (Group) Company (COSCO) has grown into a $17 billion corporation by clearly focusing on the goal of enabling commerce around the globe. ![]() Still, the decision prompted protests within Germany's government coalition and from abroad over concerns about increasing Chinese influence. That was less than an initially planned 35% stake. It did not provide further details.Ĭhancellor Olaf Scholz in October had pushed through a decision to let Cosco buy a 24.9% stake in one of HHLA's three terminals in the Hamburg port. Germany's economy ministry said it was reviewing whether government requirements "are being implemented properly". HHLA had implemented all the ministry's requirements for the contract with Cosco, she added. "We believe we have answered all the questions," she said at a presentation of HHLA's 2022 results. HHLA has been waiting for a final go-ahead from the economy ministry for 18 months and now expects to hear back soon, Chief Executive Angela Titzrath said. HAMBURG - German logistics firm HHLA on Thursday called on the German government to uphold its responsibility towards the port of Hamburg and finally approve an agreed investment by Chinese shipping firm Cosco. ![]()
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