COSCO SHIPPING (OTCMKTS:CICOY) is the overseas trading arm of China COSCO Shipping Corporation Limited, a state-owned shipping conglomerate formed in 2016 through the merger of China Ocean Shipping (Group) Company and China Shipping Group. Headquartered in Shanghai, the company traces its origins to the 1960s and has grown into one of the world’s largest shipping enterprises. It operates as an American Depositary Receipt (ADR) under the ticker CICOY, providing international investors with access to its global shipping and logistics network.
The company’s core business activities include container shipping, dry bulk shipping and tanker operations. COSCO SHIPPING Lines, its flagship subsidiary, offers scheduled liner services connecting major ports across Asia, Europe, North America and the Middle East. In the dry bulk segment, it transports commodities such as coal, iron ore and grain, while its tanker division handles crude oil and refined petroleum products. The group also invests in specialized vessels, including liquefied natural gas (LNG) carriers and offshore support ships.
Beyond vessel operations, COSCO SHIPPING is engaged in port terminal management, maritime logistics and asset leasing. Through its port services arm, the company holds stakes in terminals at key global gateways, enhancing cargo handling efficiency and offering integrated berth-to-bill solutions. Its logistics division provides multimodal transportation, warehousing, customs brokerage and supply chain management, catering to exporters, importers and e-commerce enterprises. Ancillary services include ship management, shipbuilding and marine engineering, as well as shipping finance and insurance solutions.
Serving more than 160 countries and regions, COSCO SHIPPING maintains a robust presence on all major trade routes, including Asia-Europe, transpacific and intra-Asia corridors. The company leverages digital platforms and smart shipping technologies to optimize fleet deployment, track cargo in real time and reduce environmental impact. Under the leadership of President and Chairman Xu Lirong, COSCO SHIPPING continues to pursue fleet modernization, green shipping initiatives and strategic partnerships aimed at strengthening its position in the global maritime industry.
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