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Cosco Shipping

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.

Acquisition would bring to a close the family dynasty of Hong Kong’s first chief executive, Tung Chee-hwa

Cosco set to become No 3 shipping operator if OOIL deal approved

Shares of China’s Cosco Shipping Holdings climbed on Monday after announcing a deal to buy rival Orient Overseas International Ltd (OOIL), a move that would see the state-owned shipping operator leapfrog from sixth to third place globally if approved.