China COSCO Holdings Company Limited ("China COSCO" or the "Company", together with its subsidiaries, the "Group") was established in the People's Republic of China (the "PRC") on 3 March 2005, and is the capital platform of China Ocean Shipping (Group) Company ("COSCO", together with its subsidiaries, the "COSCO Group"). The Company provides a wide range of services including container shipping, dry bulk shipping, logistics, terminals and container leasing services covering the whole shipping value chain for both international and domestic customers through its various subsidiaries.
The Group operates its container shipping and related businesses through COSCO Container Lines Company Limited ("COSCON"), its wholly-owned subsidiary. As at 31 December 2011, COSCON operates a fleet of 157 vessels in aggregate, totaling 667,970 TEUs, which calls at 159 ports in 48 countries and regions across the world, and operates on 76 international routes, 10 international feeder service routes, 21 PRC coastal service routes and 67 Pearl River Delta and Yangtze River feeder service routes. COSCON has an extensive sales and services network across the world. As at 31 December 2011, COSCON owned over 400 sales and service points in the PRC and overseas. These global route networks and sales and service networks have enabled the Group to provide quality door-to-door services to its customers.
The Group operates its dry bulk cargo shipping business through China COSCO Bulk Shipping (Group) Co., Ltd.. As at 31 December 2011, China COSCO operated 372 dry bulk cargo vessels, with a total shipping capacity of 33.66 million DWT, being the world's largest dry bulk cargo fleet.
The Group provides integrated logistics services (including third party logistics shipping agency and freight forwarding) through COSCO Logistics Co., Ltd. ("COSCO Logistics"). COSCO Logistics has established over 400 branch offices in 29 provinces, municipalities and autonomous regions in the PRC, Hong Kong and overseas.
The Group operates its terminal business through COSCO Pacific Limited ("COSCO Pacific", a company listed on the Main Board of The Stock Exchange of Hong Kong Limited ("Stock Exchange"), Stock Code:1199), in which the Company owns approximately 42.71% equity interests. As at 31 December 2011, COSCO Pacific had operated 93 berths in 18 ports in the world, ranking fifth in the world.
The Group operates its container leasing business through Florens Container Holdings Limited ("Florens"), a subsidiary of COSCO Pacific. As at 31 December 2011, Florens owned and managed a container fleet of 1,777,792 TEUs. The container leasing business accounted for approximately 12.5% of the global market share, ranking third in the world.
In addition, the Company is also engaged in the container manufacturing business through COSCO Pacific's associate China International Marine Containers (Group) Co., Ltd. ("CIMC"), in which COSCO Pacific holds 21.8% equity interest as at 31 December 2011. CIMC is currently the world's largest container manufacturer, accounting for approximately 50% of the market share.
Being the capital platform of COSCO and leveraging its extensive market experience and global advantages, the Group, which is based in the PRC and has global market coverage, continues to enhance its integrated shipping capabilities and expand its logistics services coverage so as to become the leading shipping and logistics supplier in the world.