China Ocean Shipping (Group) Corporation (hereinafter referred to as COSCO) is one of the 53 central enterprises directly managed by the central people's governments of People's Republic of China (PRC) and China.
Its predecessor was China Ocean Shipping Company (Ocean Shipping Bureau of the Ministry of Communications), which was established on April 27th. 196 1. Through the historical evolution of China Overseas Shipping Company, International Bureau of Commerce, Ocean Shipping Bureau of Ministry of Communications and China Ocean Shipping Corporation, China Ocean Shipping Group is a large multinational enterprise group mainly engaged in international shipping, logistics terminal and ship construction, ranking 327th among Fortune Global 500 enterprises.
Bonus; prize
In February 2006, COSCO Group was selected as one of the top ten most responsible enterprises in 2005.
In February 2006, COSCO won the title of "2005 Far East/Kadong Liner Shipping Service" again.
In March 2006, COSCO Shipping won the "Best Listed Company Award".
In April, 2006, COSCO Container Transportation Company won the first environmental protection award flag of the American Long Beach Port Authority.
In April, 2006, COSCO Group won the "China Going Global" Enterprise Achievement Award.
In April, 2006, COSCO Container Lines and other three units won the "National May 1st Labor Award".
In May 2006, COSCO Shipping was listed as "CCTV's most valuable listed company in China in 2005".
In June 2006, COSCO Logistics and COSCO Container Lines won the 2006 China Logistics Award of Lloyd's Asia Shipping Logistics respectively.