[20], In December 2015 the China Shipping Group announced a merger with its larger government-owned compatriot, China Ocean Shipping (Group) Corporation (COSCO Group). China Shipping As one of the world's largest integrated international container transportation, logistics and terminal companies,CSCL provides customers with … [12], In 2007, China Shipping Group injected assets to another listed subsidiary of the group, China Shipping Haisheng (Chinese: 中海海盛), which is listed in SSE. China Shipping is one of the key state-owned enterprises under the direct administration of the Central Government and a shipping conglomerate that operates across different regions, industries and countries. The Company provides containers, tankers, freights, passenger transportation, car carriers, and other transportation services. China Shipping Group Company, Limited, formerly China Shipping (Group) Company,[a] is a former Chinese state-owned shipping conglomerate. Home > Product. Shanghai, 200080 In the same year a subsidiary is formed in Guangzhou, Guangdong Province. Help ICIJ investigate: contact us or leak to us securely; Database powered by Neo4j. At first the company had a net loss of RMB 680 million (in yuan) a year. [4], In 2000, China Shipping Group formed a new land based logistics company, China Shipping Logistics Co. (CSLC), with other fellow Chinese Government owned companies. [33], As of 2011, China Shipping Nauticgreen Holdings Co., Ltd. was a subsidiary of China Shipping Group. In the eve of its planned IPO in 2011, the largest customer was sister company China Shipping Container Lines, for a reported 24.6% revenue. China Shipping Group (China Shipping) was founded on July 1st, 1997, headquartered in Shanghai, China. Find the China Shipping (Group) Company company's sales team/department contact details such as business emails, phone numbers, web address and other … China Shipping Group was retained as an intermediate holding company, but disappeared as the brand of the combined group. [10], In 2004, the Group listed the subsidiary, China Shipping Container Lines in the Stock Exchange of Hong Kong (SEHK) by issuing H shares. As a leading shipping company in China, we view the stability of the national economy as our bottom-line responsibility and will continue to promote positive exchanges and cooperation between China and other countries. Other related businesses included ship and Terminal management, finance and investment, engineering, human resources, trading and information technology. [7] The deal was partnered with fellow Government owned company (and future sister company), China Ocean Shipping (Group) Corporation (COSCO Group) and worth more than US$700 million. China Ocean Shipping (Group) Company is owned by the Chinese government and has its headquarters in Shanghai. COSCO is the largest dry bulk carrier in China and ranks as one of the largest worldwide. China Shipping Group Co. Ltd. offers shipping services. Free Member. COSCO Shipping Development Co., Ltd., stylized as COSCO SHIPPING Development is a financial services company based in Shanghai, China.It was known as China Shipping Container Lines (CSCL) and was among the world's largest container liner companies. The company's main business is commodity logistics, refrigerated logistics, and large-scale logistics, with a registered capital of 4 billion yuan. [31] According to the institute, it was founded in 1962 and became part of China Shipping Group in 2010. Listed flagship and a subsidiary of China Ocean Shipping Company ("COSCO Group"), the largest integrated shipping company in China and the second largest in the world. 15th year. In 2012, as a result of innovation and strategic transformation, we maintained a rapid growth and registered a China. Connections What do these terms mean? CHINA SHIPPING (GROUP) COMPANY. [20], In 2007, SSSRI formed a joint venture, Underwater Security Guard Engineering Center, with Institute of Acoustics, Chinese Academy of Sciences (IACAS). Our Ability In mainland China, we are ahead of the same industry on the shipping, warehouse distribution, sensitive cargo, special operations, expecially on relations with shipping companies and customs. [35][36], As of 2019, COSCO Shipping Development (former China Shipping Container Lines), still purchased RMB1.251 billion worth of containers from its parent China COSCO Shipping group, which includes China Shipping Group in the definition of Hong Kong listing rule for connected transaction. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The name of the company, also changed to China Shipping Group Company, Limited (Chinese: 中国海运集团有限公司).[24]. Our company personnel has an average of 9 years of experience in international logistics (Cargo from China), we are confident to escort the goods you are entrusted to us. China’s State Cabinet on Friday approved the merger between China Ocean Shipping (Group) Co., or Cosco Group, and China Shipping (Group) … [32], SSSRI completed a design of a record-breaking 25,000 TEU ship in 2019. It has a total of 1,114 vessels, with a capacity of 85.32 million DWT. Entity. [30], SSSRI conducts research and development into ship design. [29], As of December 2019[update], China Shipping Group is the direct parent company of Shanghai Ship and Shipping Research Institute (SSSRI), which in turn owned 50.01% shares of aforementioned COSCO Shipping Technology. [16], In 2011, yet another subsidiary, China Shipping Nauticgreen [zh] was planned to be listed in the SEHK. China COSCO Shipping Corporation Limited (“COSCO SHIPPING”) was formally established in Shanghai on February 18, 2016 as the merged entity of China Ocean Shipping Group (“COSCO”) and China Shipping Group Company (“China Shipping”). [17] However, it was cancelled in August 2011. [21] The merger was completed in February 2016; producing the mega-entity China COSCO Shipping, to be headquartered in Shanghai. The businesses and subsidiaries of both China Shipping and COSCO were integrated into one conglomerate. [13] However, China Shipping Group sold China Shipping Haisheng in August 2015. [6] In 2002, China Shipping Group, via the subsidiary, China Shipping Container Lines, placed orders on new container ships. China Shipping (Group) Company (Chinese: 中国海运（集团）总公司) was formed in 1997 by a merger of three Chinese Government owned shipping conglomerates, based in Shanghai, Guangzhou and Dalian respectively. China Shipping (Group) Company (Chinese: 中国海运（集团）总公司) was formed in 1997 by a merger of three Chinese Government owned shipping conglomerates, based in Shanghai, Guangzhou and Dalian respectively. It also owns 46 container terminals worldwide with 190 berthing spaces. Role From To Incorporation Jurisdiction Status … [28] While China Shipping Development, now COSCO Shipping Energy Transportation, engaged in oil tanker business. China Shipping Container Lines engaged in container shipping line but after renaming to COSCO Shipping Development, engaged in leasing container and vessels only. China Shipping Group was mainly engaged in shipping of oil tankers, passenger ships and container vessels. COSCO SHIPPING (North America) Headquartered in Secaucus, New Jersey, COSCO SHIPPING (North America) Inc. is the regional management center for China COSCO SHIPPING Corporation Limited (COSCO SHIPPING Group). The suppliers of China Shipping Nauticgreen, Dong Fang (Guangzhou), Dong Fang (Jinzhou) and Dong Fang (Lianyungang), were all controlled by the parent company China Shipping Group. China Cosco Shipping Group is a Company located in China, Asia. The Guangzhou subsidiary purchased a British vessel and renamed it as Guanghua (Chinese: 光华). [9], In 2008, China Shipping Group announced that to form a joint venture with fellow Chinese Government owned China National Coal Group on shipping coals. China Shipping Group Company. Haixing Shipping was listed since 1994… Considered one of the most complicated deals in the history of China’s capital market, China Cosco Shipping Corporation Limited (Cosco Shipping) was formed last year following a … China COSCO Established in the People's Republic of China in 2005. [7], In 2003, China Shipping Container Lines, introduced their second shipping route between China and northern Europe. [17], After the failed IPO in 2011 and the merger of the parent company, China Shipping Group, with China Ocean Shipping (Group) Corporation (COSCO Group) in 2015, the container and vessel leasing business of China Shipping Group, was purchased by China Shipping Container Lines instead, while China Shipping Container Lines sold their container line business to other sister company of the enlarged group. Home Products News Video About Us. China Shipping Group is not a shareholder of Lanhai Medical Investment anymore since August 2015. As of December 2019[update], China Shipping Group, also owned 38.56% shares of COSCO Shipping Energy[26] and 38.41% shares of COSCO Shipping Development respectively,[27]:42 as the largest shareholders and controlling shareholders. At first the company had a net loss of RMB 680 million (in yuan) a year. What is it? [18][19], In 2010, fellow Central Government owned conglomerate, Shanghai Ship and Shipping Research Institute (SSSRI), became a wholly owned subsidiary of China Shipping Group. The dual purpose of this relocation is to link Westport, Port Kelang with ASEAN countries and also to be more involved in marketing activities in Malaysia. [22] The merger was triggered by a downturn in the container and marine shipping industry that stymied the financial health of both China Shipping and COSCO, thus motivating the two to unite and endure the decline together. Guanghua made its maiden voyage to Jakarta for the People's Republic of China in April 1961. [15], The Group has yet another subsidiary that listed in Shenzhen Stock Exchange (SZSE), which formerly known as China Shipping Network Technology. In 2017, China Shipping (Group) Company was reincorporated from "An industrial enterprise owned by the whole people" to simply a limited company. In 2017, SSSRI order an equipment from HR Wallingford, worth £12 million. China Railway Special Freight Co., Ltd. is a professional transportation company directly under China National Railway Group Co., Ltd. China Shipping Group operates logistics, shipping agency, ship building, air cargo forwarding, container manufacturing, financial investment, and other services. China Shipping … [27]:49, "China Shipping" redirects here: for the subsidiary formerly known as "China Shipping Container Lines", see, China Shipping Group's former logo (left) and former bilingual names (right), Shanghai Ship and Shipping Research Institute, State-owned Assets Supervision and Administration Commission, "Historic shipping firm aims for June listing", "China Shipping placement raises $380m for 19 tankers", "China Shipping looks to land cargo transport", "Cosco and CSCL order ships worth US$700m", "CSCL sets sights on northern Europe trade", "China Coal, China Shipping team up to ship coal", "Haisheng soars 10pc on plan to acquire parent's assets", "BRIEF-China Shipping Network Technology to change name to COSCO SHIPPING Technology", "Container hire firm in HK$1.5b offering", "China shipping groups merger plan erases S$1.27b in market value, Cosco Corp Singapore hit", "China's travel agency giants merge in latest example of SOE reform", "BRIEF-China Shipping Haisheng changes name to Lanhai Medical Investment Co., Ltd", "COSCO Shipping Energy Transportation Co Ltd", "Oxfordshire: HR Wallingford makes waves with £12m Shanghai contract", "IACAS and SSSRI joined together for the Underwater Security Guard Engineering Center", "Cosco develops record-breaking 25,000 teu ship design", "COSCO, China Shipping merger would see CSCL exit container trade", "ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2016", https://en.wikipedia.org/w/index.php?title=China_Shipping_Group&oldid=999232424, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Articles containing potentially dated statements from December 2019, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 9 January 2021, at 03:48. From 2003 to 2010 it was supervised by State-owned Assets Supervision and Administration Commission (SASAC) of the State Council directly. China Shipping Group's listed subsidiary, China Shipping Development, also purchased a small stake. The Company provides containers, tankers, freights, passenger transportation, car carriers, and other transportation services. In order to build a full range of feeder networks in South East Asia, the China Shipping Group Company decided to move its South East Asian Regional Headquarters from Singapore to Malaysia. The merger also made China Shipping Group became the new parent company of Hong Kong listed company China Shipping Development, at that time known as Haixing Shipping. Connected to 1 address; Connected to 1 entity; Linked countries: China; Data from: Panama Papers; The Panama Papers data is current through 2015 ; Search in ; Got a tip? [34] The complex intra group re-organization that involves multiple listed subsidiaries, saw Oriental Fleet International (new name of China Shipping Nauticgreen) and other companies of that container and vessel leasing business division, were sold to China Shipping Container Lines. [2] Haixing Shipping was listed since 1994. Additionally, the merger is attributable to China's State-owned enterprise reform.[23]. It is the merged entity of China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company (China Shipping). 678 Dongdaming Road China Shipping (Group) Company was established on July 1, 1997, headquartered in Shanghai. [11] In 2007, the listed subsidiary floats its A share in the Shanghai Stock Exchange (SSE). China Ocean Shipping Co. Ltd. operates as an international shipping firm. [3] China Shipping Group sold 19 oil tankers to the aforementioned listed subsidiary in 1998, for cash and A share. As of December 2019[update], former China Shipping Group listed subsidiaries, China Shipping Development, China Shipping Container Lines, China Shipping Network Technology and China Shipping Haisheng, are known as COSCO Shipping Energy Transportation (or simply, COSCO Shipping Energy), COSCO Shipping Development, COSCO Shipping Technology[16] and Lanhai Medical Investment (Chinese: 览海医疗)[25] respectively. China Shipping Group Company. Container company China Shipping Australia Logistics Group Pty Ltd (CSA Logistics) has been appointed to manage and operate the Port of Newcastle intermodal facility on a 30-year term agreement, in a joint venture with contractor Macquarie to form Newcastle Ports. China COSCO SHIPPING Corporation Limited (hereinafter referred to as COSCO SHIPPING Group or the Group) is an SOE headquartered in Shanghai. All Categories List. China Ocean Shipping Company, or COSCO in short, was founded in 1961 as a Chinese government agency. [8], In 2005, via a subsidiary, China Shipping Group invested in a terminal of the Port of Tianjin. [14] but bought back some business in August 2016 to complete the selling of the listed company as a vehicle of backdoor listing. [1] The merger also made China Shipping Group became the new parent company of Hong Kong listed company China Shipping Development, at that time known as Haixing Shipping. [5], In 2001, China Shipping Group bought 50% stake of China Shipping (North America) Agency from Norton Lilly International, a shipping agent. It is now one of the intermediate holding company for another Chinese state-owned conglomerate, China COSCO Shipping, which is formed by a merger of China Ocean Shipping Company (COSCO) and China Shipping Group by the creation of a new parent company for the two conglomerates. It was a shipping container leasing company. China Shipping Group Co. Ltd. offers shipping services. It exited the container shipping business and was renamed to COSCO SHIPPING Development because of the COSCO-China Shipping … Profile China COSCO COSCO SHIPPING Holdings Co. Ltd. engages in the provision of container shipping, managing and operating container terminals and container leasing services.