Overview
COSCO Shipping operates 568 container ships with a combined capacity of 3,702,476 TEU (twenty-foot equivalent units), 10.6% of the world liner fleet, according to the Alphaliner Top 100.[1] Of that capacity, 2,226,498 TEU on 211 ships is owned and 1,475,978 TEU on 357 ships is chartered in, so chartered tonnage accounts for 39.9% of its fleet.[1] Its orderbook of 1,873,938 TEU on 155 ships equals 51% of its current capacity.[1] COSCO Shipping Holdings, the listed company, runs container shipping and terminal businesses and was founded on 3 March 2005, according to Forbes, which records sales of US$30.5bn and profit of US$4.3bn.[3] Alphaliner’s group total includes OOCL, Shanghai Pan Asia Shipping, New Golden Sea Shipping, Coheung and Diamond Line.[1] Its orderbook equals about half of its current fleet, the highest ratio among the top five.[1]
COSCO Shipping Holdings strengths and limitations
Strengths
- Largest Chinese carrier
- Large orderbook
- Integrated terminal business
- Profit margin of about 14%
- Container terminals alongside shipping
Limitations
- Profit fell from US$6.8bn in prior-year data
- Charters 39.9% of capacity
- Orderbook timing risk
- Earnings depend on freight-rate cycles
- Sales well below Maersk's
Appears in
COSCO Shipping Holdings peers and competitors
Companies ranked in the same lists as COSCO Shipping Holdings.
A.P. Møller-Mærsk- HMM
- Evergreen Marine
- DHL Group
- KMTC
- Yang Ming
ZIM- Wan Hai Lines
- PIL (Pacific International Lines)
- X-Press Feeders
- SITC
Global Feeder Shipping
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