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.
Cosco Pacific said its net profit shot up 105 per cent to US$702.7 million last year and the company is considering making more port acquisitions abroad at a time when the mainland's container throughput growth is slowing.Wednesday, 26 March, 2014, 6:34am
The net profit of the port-to-container-leasing company rose 213 per cent to US$560.3 million. Underlying net profit dipped 3.6 per cent to US$143.8 million after stripping out a US$393.4 million one-off gain from the disposal of a container manufacturing unit.28 Aug 2013 - 4:52am
Cosco Pacific says it is in advanced talks to buy ports on the mainland and in Southeast Asia and Greece because of their attractive prices.24 May 2013 - 3:47am
Cosco Pacific boosted its war chest to bid for a stake in a state-owned terminal in Greece after pocketing US$1.2 billion from selling its container manufacturing associate to its parent firm Cosco Group.
Shares in Cosco Pacific rose 4.07 per cent to HK$11.24 yesterday after it announced the deal on Monday night.22 May 2013 - 4:04am
Shale gas auction attracts 152 bids
The mainland's second round of shale gas auctions drew 152 bids from 83 companies as non-state firms were allowed to take part for the first time. China, which has the world's biggest shale gas reserves, has yet to produce the fuel commercially. The blocks auctioned cover 20,002 square kilometres across eight provinces. Bloomberg26 Oct 2012 - 2:50am
Cosco Pacific, the terminals offshoot of China's largest shipping company, is on course to start container stevedoring operations at terminal three at Piraeus port in Greece next year.19 Sep 2012 - 3:10am
Board of Examiners
Matthew Yuen (Chairman)
Head and professor, department of mechanical engineering, HKUST
Head, corporate treasury and financing, Hong Kong and China Gas
General manager, corporate quality and sustainability, Fuji Xerox (Hong Kong)
Ivy Leung17 Jul 2012 - 12:00am
Cosco Pacific, the marine terminals subsidiary of China's largest shipping company, is going ahead with a Euro120 million (HK$1.18 billion) expansion of Piraeus Container Terminal in Greece months earlier than planned.18 May 2012 - 12:00am