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As a result of the merger, COSCON acquired the assets of CSCL and was renamed COSCO SHIPPING Lines. Meanwhile, CSCL acquired the container leasing subsidiaries of China Shipping Group and COSCO Group, and became a container leasing company. The newly created COSCO Shipping Lines has 502 container ships with 3.0 million TEU.
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. [6] China Shipping Container Lines' container ship CSCL Globe was the world largest in 2014. [7]
COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company. [1] COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. [2] [3] It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of 1,580,000 twenty-foot equivalent units (TEU), and a tanker fleet of 120 vessels ...
The Pakistan National Shipping Corporation (PNSC) is a Pakistani national flag carrier headquartered in Karachi. [3] The corporation is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and providing commercial, technical, administrative, financial and other services to its subsidiaries and ...
In 2003, COSCO Pacific is a co-investor of a phase of Qingdao Qianwan Container Terminal, for 20% shares of the SPV that carry the actual investment. [9] [10] In the same year, COSCO Pacific also formed a joint venture with PSA. [11] In 2008, COSCO Pacific made a bid for a 35-year concession to operate the container port of Piraeus.
At that time, COSCO International was the second largest shareholder of Sino-Ocean Group for 16.85% stake. [14] In 2015, the ultimate parent company, COSCO, merged with China Shipping Group to become China COSCO Shipping, or known as COSCO Shipping. Thus, the listed company was renamed into COSCO Shipping International (Hong Kong) Co., Ltd.. [15]
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]
The Pakistani passport (Urdu: پاکستانی پاسپورٹ) is an passport issued by the government of Pakistan to its citizens for international travel purposes. The Directorate General of Immigration & Passports holds the responsibility for passport issuance, under the regulation of the Ministry of Interior .