• Mon
  • Dec 22, 2014
  • Updated: 3:04pm

Cosco International 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: China COSCO Holdings Company Ltd, COSCO International Holdings Ltd, Cosco Investment (Singapore) Ltd, Cosco Shipping Company Ltd.

Cosco arm may dip toe into leasing

Cosco International, the trading wing of China Ocean Shipping Group, is considering a move into ship leasing. Photo: Bloomberg

Several banks, including ICBC and Standard Chartered, have launched ship leasing businesses where they retain ownership of vessels and charter them to operators at a daily rate, while the operator is responsible for repairs and crew costs.

Thursday, 21 February, 2013, 6:07am

Cosco sticks to its acquisition strategy

Cosco International, the marine fuel, paint and ship-trading subsidiary of the mainland's largest shipping company, is targeting acquisitions to boost the profitability of its shipping services division.

This comes as talks continue over the possibility of acquiring a 50 per cent stake in China Marine Bunker (PetroChina) from parent company China Ocean Shipping (Group).

1 Sep 2011 - 12:00am

Corrections & clarifications

In last week's 'Shipping faces stormy waters', it was stated that China Cosco Holdings is the world's largest shipping company. It is in fact China's largest shipping company.

22 Sep 2008 - 12:00am

Results

Today 1st Quarter: Advanced Semiconductor Manufacturing Corporation, Parkson Retail Group, SMI Publishing Group

Final: Buildmore International

23 May 2008 - 12:00am

In Brief

Cosco Pacific, Hutchison join PSA in bid for Greek ports

Cosco Pacific, Hutchison Ports Holdings and PSA International have been reported in Greek media as joining the bidding for two of the country's state-owned ports - the Port of Piraeus and Port of Thessaloniki - which have been up for sale for several months. Cosco and PSA declined to comment yesterday.Charlotte So

10 May 2008 - 12:00am

Cosco unit eyes asset purchases as profit soars 317pc

Cosco International Holdings, a real estate-turned-shipping service company, saw its net profit soar 317 per cent to HK$2.57 billion last year, mainly on a gain from a partial sale of a property subsidiary.

29 Mar 2008 - 12:00am

Property unit boosts Cosco profit 300pc

Cosco International Holdings, a unit of China Ocean Shipping (Group), said net profit surged 300 per cent in the first half, thanks to earnings from its property unit that it is spinning off.

Profit rose to HK$400.3 million for the first six months from HK$99.8 million a year ago, while turnover increased to HK$1.14 billion from HK$874.4 million.

20 Sep 2007 - 12:00am

Results

Today Interim: Aeon Credit Service (Asia), Arnhold Holdings, Asia Tele-Net and Technology, CCT Tech International, CCT Telecom Holdings, Chia Tai Enterprises International, China Agri-Industries Holdings, China Foods, China Investment Fund, China Merchants Holdings, China Renji Medical, Co-Prosperity Holdings, COSCO International, Daido Group , Datronix Holdings, EcoGreen Fine Chemicals, Fortun

19 Sep 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

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