• Tue
  • Sep 23, 2014
  • Updated: 1:46pm

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 Holdings buys 5 container ships for US$618m

China Cosco Holdings has finalised the order of five container ships worth US$618 million at a state-owned shipyard.

Thursday, 18 September, 2014, 2:35pm

Cosco-Vale deal to end giant ore carrier ban

Beijing's ban on Vale's giant ore carriers has been practically lifted after China Cosco Holdings' landmark deal with the Brazilian miner last Friday over a 25-year freight contract.

16 Sep 2014 - 3:23am

Cosco signs landmark deal with Vale for giant ore carriers

China Cosco Holdings has signed a landmark deal with Brazilian miner Vale for the transport of iron ore and the purchase of 14 very large ore carriers, which have been barred from entering mainland ports since early 2012.

15 Sep 2014 - 10:51am

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.

29 Mar 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