OREANDA-NEWS. April 12, 2011. China Logistics Top 100 was released in Beijing. COSCO Logistics once again ranked the first in the list for six consecutive terms. Meanwhile, COSCO Logistics also received the awards of "2010 National Advanced Logistics Enterprise" and "the Most Innovative Logistics Enterprise of the Year", reported the press-centre of COSCO.

China COSCO Holdings Company Limited (“China COSCO” or the “Company”, together with its subsidiaries, the “Group”) was established in the People’s Republic of China (the “PRC”) on 3 March 2005. It is the listed flagship and integrating platform of China Ocean Shipping (Group) Company (“COSCO”, together with its subsidiaries, the “COSCO Group”), the second largest integrated shipping company in the world.

The Company provides a wide range of container shipping, dry bulk shipping, logistics services,terminal and container leasing  across the container shipping value chain for both international and domestic customers through its various subsidiaries.

The Group operates container shipping and related businesses through COSCO Container Lines Company Limited (“COSCON”), its wholly-owned subsidiary. As at 30 June 2007, COSCON operates a fleet of 144 container vessels, with a total capacity reaching 417,315 TEUs, which calls at over 120 ports in over 40 countries and regions across the world, and operates 74 international routes, 12 international feeder service routes, 17 PRC coastal service routes and 52 Pearl River Delta and Yangtze River feeder service routes. COSCON has an extensive sales and services network across the world. As at 30 June 2007,  the Group owned 301 sales and service points in the PRC and 73 sales and service points overseas, and managed and used 88 sales and service points overseas. These global route networks and sales and service networks have enabled the Group to provide quality door-to-door services to its customers.

China COSCO operates dry bulk business through COSCO Bulk, COSCO Qingdao, COSCO Hong Kong and COSCO Shenzhen. As of June 30, 2007, China COSCO operated 412 dry bulk vessels, among which 202 were owned and 210 were charted-in. With a total shipping capacity of 32 million DWT, it is the world’s largest dry bulk fleet.

The Group provides integrated logistics services (including third party logistics and shipping agency, freight forwarding) through its controlling subsidiary, COSCO Logistics Co., Ltd. (“COSCO Logistics”), in which the Company directly holds 51% interests and indirectly holds 49% interests through COSCO Pacific. COSCO Logistics has established over 400 business branches in 29 provinces, cities and autonomous regions in the PRC, Hong Kong and overseas.

The Group is also engaged in the business of container terminals through COSCO Pacific Limited (“COSCO Pacific”), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (“Stock Exchange”), in which the Company owns approximately 52% interests. As at 30 June 2007, COSCO Pacific had invested in 24 terminal projects globally, with a total of 119 berths, which ranked it the fifth in the world.

The Group’s container leasing business is conducted through Florens Container Holdings Limited (“Florens”), a subsidiary of COSCO Pacific. As at 31 December 2006, Florens owned and managed a container fleet of approximately 1,250,609 TEUs. The container leasing business represented approximately 11.9% of the global market share, ranking the third in the world.

In addition, the Company is also engaged in the container manufacturing business through COSCO Pacific’s associate China International Marine Container's (Group) Co., Ltd. (“CIMC”), in which COSCO Pacific holds 16.23% interests. CIMC is currently the world’s largest container manufacturer, representing over 50% of the market share.

Being the listed flagship and integrating platform of COSCO Group, the Group is based in the PRC, facing the global market. By leveraging on its market experience and global advantages, the Group will continue to enhance its integrated shipping capabilities and expand its logistics service coverage to become a leading shipping and logistics supplier in the world.