TOPIC

/ company

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.

Chairman / President

Wan Min

CEO / Managing Director

Wan Min

CFO / Finance Director

Xu Zunwu

Industry

Transport & Logistics

Website

coscoshipping.com

Headquarters address

628 Minsheng Road, Pudong New Area, Shanghai, China

Stock Code

SSE:601919
SEHK:1919

Year founded

1961

CK Hutchison has said Panama will be responsible for “any harm and damage caused by the confiscatory actions it has taken”. Photo: Jelly Tse

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The Chancay port is a key Chinese investment in the region and a vital hub for mineral exports. Photo: Xinhua

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US Ambassador Kevin Cabrera visited the US Coast Guard cutter Alert during its port call in Panama City, highlighting the enduring maritime partnership between the United States and Panama. Photo: Handout

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Nearby residents urged to stay indoors as firefighting efforts continue.

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This image taken from a video shows smoke rising from a blaze on a container ship docked at the Port of Los Angeles on Friday. Photo: ABC7/AP

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As China and US impose rival port fees, global shipping braces for disruption

But analysts say Beijing has left room to negotiate and could adjust its fees based on Washington’s actions.

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Will Peru’s Chancay Port be the next ‘Panama moment’ for China?

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26 Sep 2025 - 4:00PM

A Cosco Shipping vessel is seen at the Port of Los Angeles in the US state of California on September 9. Cosco Shipping Lines, the container arm of the Shanghai and Hong Kong-listed Cosco Shipping Holdings, has affirmed its commitment to maintaining the “stable operation” of its liner service to the US market. Photo: EPA

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Chancay port, a flagship Belt and Road project, is set to welcome its first direct shipment from Suzhou under the new service.

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An aerial drone photo shows the vessel named “Xin Shanghai” operated by China Cosco Shipping Corporation docking at Chancay port, Peru, on November 25, 2024. Photo: Xinhua

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A general view shows HD Hyundai Heavy Industries Ulsan Shipyard in Ulsan, South Korea. Photo: Reuters

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CK Hutchison has revealed that it plans to invite a mainland Chinese firm to join a consortium behind the deal as a “significant member”. Photo: Sam Tsang

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Cosco Shipping

Panama’s port takeover ‘culmination of a campaign’ against CK Hutchison

Company says officials entered terminals ‘without invitation’, told staff concession had ended and ordered immediate halt to operations.

US, China clash over Peru Chancay megaport after court bars regulator oversight

CK Hutchison tipped to sell remaining ports despite Panama court ruling: experts

Can Peru keep both China and US onside in an increasingly volatile environment?

Its mineral resources make it a focus for superpower rivalry, but analysts say the country is in a very different situation to Venezuela.

Could 2026 be the make-or-break year of CK Hutchison’s Panama ports deal?

What began as a strategic exit for a Hong Kong conglomerate has devolved into a high-stakes stand-off between Washington and Beijing.

Ex-shipping leader joins Hong Kong liaison office amid stalled ports deal

Former executive of Chinese shipping giant Cosco will replace Qi Bin, who is set to take up role in top national advisory body.

US highlights Panama security ties as China-linked canal ports deal stalls

US envoy’s coastguard visit near Panama comes as Beijing presses for Cosco control and Washington pushes back.

.css-sioo19{color:#c79a00;}Explainer | The return of Red Sea shipping: 3 scenarios for Chinese trade

Houthi rebels have signalled a halt in attacks on commercial ships in the Red Sea, allowing a possible end to costly detours.

China Tourism Group to chart new course in bid to dominate Asia’s cruise market

The combined venture will reportedly operate five cruise ships, with another under construction, as China strives to grow the industry.

Fire erupts at Los Angeles port triggering hazardous material alerts

Nearby residents urged to stay indoors as firefighting efforts continue.

Trump-Xi summit aftermath

Since presidents Donald Trump and Xi Jinping met on October 30, US-China trade relations have improved with a tariff rollback, soybean purchases resuming and new curbs put on shipments of fentanyl precursors.

China accuses US of undermining ties with Greece in envoy’s Piraeus port remarks

Washington’s ambassador under fire after urging Athens to sell the ancient port operated by Chinese shipping giant Cosco.

Panama ‘moving fast’ to pre-qualify bidders to build 2 new port terminals

One-on-one meetings set for first week of December, canal’s chief administrator says amid stalled sale of Hong Kong-based CK Hutchison’s ports.

Panama seeks partners in new port plan that ‘may ease US-China rivalry’

Panama Canal Authority says it has ‘launched a consultation process with representatives of the maritime industry to identify potential partners’.

‘Clear edge’: why China’s shipyards are still dominant despite US port fee drama

China’s shipbuilders already lead in terms of capacity, price and quality – and they will benefit from the green transition, insiders say.

CK Hutchison gets encouraging signs of a deal with Panama government

Panama is still open to being flexible and reaching an amicable agreement with CK Hutchison, owned by Hong Kong billionaire Li Ka-shing.

As China and US impose rival port fees, global shipping braces for disruption

But analysts say Beijing has left room to negotiate and could adjust its fees based on Washington’s actions.

Will Peru’s Chancay Port be the next ‘Panama moment’ for China?

The Chinese-invested facility is a flagship belt and road project in Latin America, a region the US sees as its backyard.

China hits back at Trump’s port fees with reciprocal charges for US ships

As US readies steep port fees targeting Chinese vessels, Beijing says it will begin levying similar surcharges for American ships next week.

China issues retaliatory rules ahead of US port fee targeting Chinese vessels

Beijing’s countermeasures seen as further complicating shipping routes connecting US and China, but the number of affected vessels could be small.

Before US port fee hits China vessels, carriers are dodging the blow: experts

With steep new fees scheduled to take effect October 14, ports on east and west coasts of the US are seeing fewer Chinese-built container ships.

China drops latest trade anchor in Latin America with new service to Peru megaport

Chancay port, a flagship Belt and Road project, is set to welcome its first direct shipment from Suzhou under the new service.

‘Historical evolution’: China’s shipping firms pivot amid looming US port fees

The shipping industry is undergoing ‘unprecedented’ changes as the US prepares to hit Chinese-linked vessels with steep levies.

CK Hutchison says US$23 billion global ports sale delayed until 2026

The deal is taking much longer than expected because of the size and complexity, co-managing director Frank Sixt says.

‘It takes time’: China’s shipping edge likely safe from South Korean investments

New ventures in Vietnam and the Philippines may ease domestic constraints but unlikely to challenge Chinese dominance, analysts say.

Will CK Hutchison’s plan to tap mainland Chinese firm for ports deal pay off?

Deal may become bargaining chip between US and China, experts say, as Li Ka-shing’s conglomerate looks to add ‘significant member’ to consortium.

CK Hutchison seeks mainland Chinese investor for US$23 billion ports deal

Announcement comes after 145-day exclusive negotiation period between CK Hutchison and consortium ended on July 27.

Not worth it? Trump’s Arctic push stirs debate over China’s polar ambitions

Washington views the Arctic as a strategic priority, but Chinese analysts split on whether costly infrastructure serves Beijing’s interests.

Explainer | The return of Red Sea shipping: 3 scenarios for Chinese trade