Cosco (Hong Kong) Group

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.

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Cosco International annual net profit drops 6.5 per cent

Cosco International, the shipping services subsidiary of China’s largest shipping company, said its 2015 net profit declined 6.5 per cent to HK$336 million from a year earlier, owing to sluggish demand and increasing price competition.