ĬOSCO SHIPPING Nebula at Euromax terminal, December 17, 2019įrom 1997, COSCON was a member of the CKYHE alliance, a pooling agreement to share vessel space with "K" Line, Yang Ming, Hanjin, and Evergreen. On June 26, 2016, COSCO Shipping Panama became the first vessel to sail through the newly widened Panama Canal. The company has 255 international routes, calling at 356 ports in 105 countries., COSCO SHIPPING Lines has ordered several mega-ships, such as the 20,000 TEU COSCO Shipping Taurus and the 21,000 TEU Universe-class container ships. The newly created COSCO Shipping Lines has 502 container ships with 3.0 million TEU. Meanwhile, CSCL acquired the container leasing subsidiaries of China Shipping Group and COSCO Group, and became a container leasing company. As a result of the merger, COSCON acquired the assets of CSCL and was renamed COSCO SHIPPING Lines. Before the merger, COSCON and CSCL were the largest and second largest container lines in China, respectively. In March 2016 the parent company of COSCON, COSCO Group, merged with the parent company of CSCL, China Shipping Group. Meanwhile, by May 2014 CSCL operated 40 overseas routes with a fleet of 148 container ships representing 656,000 TEU.ĬOSCO SHIPPING container in transport on an intermodal freight train īy December 2013, the trans-Pacific service generated the most revenue for COSCON, RMB 14.2 million. The 10,000 TEU vessels were highly automated and classed by Lloyd's Register to the highest environmental safety standards. It was the largest container ship in COSCO's fleet at the time and the company later took delivery of three other 10,000 TEU ships.
In July 2007, COSCON named the 10,000 TEU COSCO Asia at HHI shipyard in Ulsan. Likewise, CSCL developed a large intermodal network in the US, and in 2001 BNSF Railway announced a new double-stack service to transport China Shipping containers from the Port of Los Angeles to the BNSF Chicago yards. In North America, the company built a large intermodal network by investing in thousands of marine container chassis and contracting with trucking companies and major North American railroads. The company saw its TEU market share increase 126% between 20, and by 2007 it became the sixth largest container transportation company in the world in terms of fleet capacity.ĬOSCON established local offices and agencies in 160 countries. That same year, the Chinese government founded the SOE China Shipping Group along with its container shipping subsidiary, China Shipping Container Lines (CSCL).ĬSCL grew its business rapidly under the leadership of shipping industry veteran, Captain Li Kelin. In November 1997, COSCON merged with COSCO Shanghai and became the sole container shipping subsidiary of COSCO. In 1994, COSCO Container Line Limited (COSCON), was formed to conduct COSCO's container operations in collaboration with regional subsidiaries such as the Shanghai branch. CSCL container at a warehouse loading dock.
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