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COSCO SHIPPING Lines Co., Ltd. (Chinese: 中远海运集运) is a Chinese international container transportation and shipping company. It is a subsidiary of COSCO Shipping Holdings , and its parent company is China's state-owned COSCO Shipping .
China Shipping (Group) Company was founded in 1997 and was headquartered in Shanghai. The group was a Chinese state-owned multinational transportation conglomerate. By May 2014, China Shipping's container shipping subsidiary – China Shipping Container Lines – operated 156 container vessels with 656,000 TEU capacity. [7]
Shipping portals are websites which allow shippers, consignees and forwarders access to multiple carriers through a single site. Portals provide bookings, track and trace, and documentation, and allow users to communicate with their carriers.
The company was founded in 1972 as a shipping line, but has historical links through its merger with the China Merchants Steam Navigation Company (1872–1995), which dates back to the Qing Dynasty. Yang Ming currently operates 101 container ships up to 14,000 twenty-foot equivalent units (TEU) and 17 bulk carriers.
In 2002, China Shipping Group, via the subsidiary, China Shipping Container Lines, placed orders on new container ships. [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.
It was known as China Shipping Container Lines (CSCL) and was among the world's largest container liner companies. It exited the container shipping business and was renamed to COSCO SHIPPING Development because of the COSCO-China Shipping merger in 2016. [1] As CSCL, the company was ranked 1503rd in 2012 edition of Forbes Global 2000. [2]