COSCO SHIPPING Ports Profile
COSCO SHIPPING Ports Limited, an investment holding company, engages in managing and operating terminals; and container leasing, management and sale, and related businesses. The company is a subsidiary of China COSCO Holdings Company Limited.
Strategy
The company’s strategy includes to focus on seizing development opportunities in hub ports in line with the trend towards mega-vessels; focus on improving its brand value by optimizing the operational model of the terminal subsidiaries; focus on strengthening the profitability of the terminals business through approaches to equity investments in terminal projects; and focus on driving the development of a global terminal portfolio by capitalizing on the opportunities from the ‘One Belt, One Road’ and the Yangtze River Economic Belt initiatives.
As of December 31, 2015, it operated and managed 128 berths at 22 ports worldwide; and a fleet size of 1,944,654 TEU.
History
The company was incorporated in 1994. It was formerly known as COSCO Pacific Limited and changed its name to COSCO SHIPPING Ports Limited in July 2016.
