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A new bulk carrier shipping company
The merger of two giants China Cosco Group and China Shipping Group allowed forming one of the most powerful bulk carriers in the world. The official inauguration of COSCOCS happened in May 2011. After that, the company organized a subsidiary firm specializing in the breakbulk transportations – Cosco Shipping Bulk Co. The latest started operating in June of the same year.
The formal ceremony of a launch was carried out in Guangzhou. Many significant figures were among the attendants, such as the government officials and the members of the Communist Party.
In accordance with the announcement made by the representatives of the company, they have an impressive fleet consisting of over 380 vessels. Among them, there are heavy-lift and multipurpose vessels as well as the biggest tugboat in the world. The company also plans to get rid of about 50 old vessels.
The transporters can be used for various types of cargo:
- coal
- iron
- agricultural commodities, etc.
COSCOCS: general information
The merger process of two companies started in 2015. It took about a year to create a large corporation. The current number of vessels of the company totals almost 1,300 units. Their capacity is over 100 DWT. The organization is recognized as a leader of the sphere. Along with the sea transporters, the company owns dry bulk, tanker, and specialized cargo transporters.
The organization has a global network. Its reputation is brilliant because of their reliability and efficiency. The firm is aimed at the globalization of the Chinese economy as well as global shipping and logistics integration. The specialists working in the organization try to provide the customers with the high-quality services organizing the supply chain.
Today the corporation continues its developments striving for the prosperity. They are dealing with:
- logistics
- finances
- manufacturing of the equipment (such as shipbuilding, containers or offshore equipment)
- transportation services
- repair works (for example, for vessels)
- social options (for instance, the estate development, the management of hotels or other organizations).
As for the logistics direction, it includes freight forwarding, project cargo services, warehousing, etc. They are also known as a third-party logistics provider.
More information concerning the activity of the corporation can be found on their website.