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.

Photo: Xinhua

China’s Cosco bleeds more as shipping pain worsens

Shipping giant China Ocean Shipping Group (Cosco) swung into the red with a net loss of 4.48 yuan in the first quarter, as the shipping industry worldwide hit a new low on weak trade and falling commodities prices.