China Ocean Shipping (Group) (COSCO)
This company is not yet rated.
China Ocean Shipping (Group) Company (COSCO)
Ocean Plaza, 158 Fuxingmennei St. Beijing China
State-owned China Ocean Shipping (Group) Company, known as COSCO Group, is one of the world's leading marine transportation companies. Through its subsidiaries and affiliates, COSCO Group operates a fleet of about 600 containerships, bulk carriers and other vessels with an overall capacity of 35 million deadweight tons. In addition, the company is engaged in freight forwarding, logistics, real estate, ship building and repairing, container manufacturing, and terminal operations. It maintains facilities in more than 160 countries around the world. COSCO Group should not be confused with a rival state-owned marine transportation enterprise with a similar name, China Shipping (Group) Company.
- China's Shipping Company Makes the Wrong Kind of Splash: "Officials of Long Beach, Calif., were stunned to find themselves dragged into the Donorgate scandal. Earlier this year, the town's port authority was negotiating with China Ocean Shipping (Group) Co. (Cosco), a Chinese state-owned firm that wants to lease and operate a container facility on the site of a shuttered U.S. Navy yard. A judge was delaying the deal because of preservationists' protests over the possible destruction of historic buildings on the site. But then came the shocker: media reports that alleged possible connections between Cosco and Democratic Party officials. The implication was that the Democrats were helping Cosco in Long Beach as part of a payback." 
- Governor Signs Bills in Response to COSCO Busan Oil Spill: "Governor Arnold Schwarzenegger today signed into law legislation in response to the Cosco Busan container ship that hit the Bay Bridge in November 2007 and spilled 53,000 gallons of oil into the San Francisco Bay."