• Thu
  • Aug 21, 2014
  • Updated: 8:06am

China Cosco Holdings

China Ocean Shipping (Group) Co, (COSCO Group) is a government-owned shipping and logistics services group based in Beijing. The company is one of the largest in the world in terms of the number of container ships, and has several listed arms: COSCO Pacific Ltd, China COSCO Holdings Company Ltd, COSCO International Holdings Ltd, Cosco Investment (Singapore) Ltd, Cosco Shipping Company Ltd.

China Cosco hit by market overcapacity as it struggles to get back into black

China Cosco lost 9.56 billion yuan (HK$11.82 billion) in 2012, after a 10.50 billion yuan loss in 2011. Sales for 2012 rose 4.4 per cent year on year to 88.33 billion yuan.

Friday, 29 March, 2013, 4:16am

Business Digest, February 7, 2013

Hong Kong and Shanghai-listed China Cosco Holdings could face a revolt by minority shareholders in China as it risks being delisted from the Shanghai stock exchange when it posts its third net loss in a row. 

7 Feb 2013 - 5:16am

Shipping giant Cosco charts seas of red ink

The torrent of red ink flowing from China Cosco Holdings' balance sheet may have eased in the third quarter with the help of government subsidies. But the problems facing the firm's core dry cargo and container line businesses look far from over, as a slump in demand, too much tonnage in the global merchant fleet, and high-priced charters continue to weigh on the company.

24 Nov 2012 - 3:59am

Cosco to settle lease disputes

China Cosco Holdings, the listed offshoot of the mainland's largest shipping company, downplayed a wrangle yesterday with several international shipowners over unpaid or partially made charter payments on dry bulk cargo ships.

27 Aug 2011 - 12:00am

China Cosco records 3.95b yuan loss

China Cosco Holdings has incurred a floating loss of 3.95 billion yuan (HK$4.47 billion) stemming from a change in the fair value of various forward freight agreements, which the firm uses to lock in costs. The world's largest dry-bulk shipper says the floating losses from the agreements grew to 5.38 billion yuan on December 12 from 2.31 billion yuan at the end of September.

16 Dec 2008 - 12:00am

China Cosco posts 6.1b yuan profit

China Cosco Holdings, the largest global bulk vessel operator, posted a 6.13 billion yuan (HK$6.84 billion) net profit for the first quarter due to a huge rebound in dry bulk freight rates after China resumed imports of iron ore from Brazil.

30 Apr 2008 - 12:00am

Stalled iron ore talks hammer dry bulk rates

Dry bulk shipping rates plunged yesterday as talks between Brazil and the mainland over the price of iron ore ground to a halt, but analysts said the decline - which could crimp the earnings of shipping giants such as China Cosco Holdings - was temporary.

18 Jan 2008 - 12:00am

Temasek to sell HK$2.16b stake in China Cosco

State investor in third share sale

Temasek Holdings, Singapore's state-owned investment flagship, is seeking to sell as much as HK$2.16 billion worth of shares held in China Cosco Holdings, its third share sale in a mainland state-owned firm this week.

30 Nov 2007 - 12:00am

China Cosco must change 'lone wolf' mindset of units

We believe China Cosco Holdings, which operates the largest bulk fleet in the world, deserves a premium to its peers.

Cazenove research report, September 5, 2007

8 Sep 2007 - 12:00am

Cosco earmarks 20b yuan for expansion

Largest mainland shipping group sets sights on becoming integrated logistics firm

China Cosco Holdings, the nation's largest shipping conglomerate, will invest more than 20 billion yuan on fleet expansion by 2010 after it completes its purchase of the dry-bulk unit from its parent, China Ocean Shipping (Group).

6 Sep 2007 - 12:00am