China Ocean Shipping Group Co., Ltd. (hereinafter referred to as China Ocean Shipping Group) was formally established in Shanghai on February 16, 2006. It was reorganized from China Ocean Shipping (Group) Corporation and China Ocean Shipping (Group) Corporation. It is a super-large central enterprise directly managed by the State Council State-owned Assets Supervision and Administration Commission, headquartered in Shanghai. It is registered in Lujiazui Financial Zone, Pudong Free Trade Zone, Shanghai with a registered capital of 1 1 billion yuan. Total assets are 880 billion yuan, and employees are 1 1.8 million.
On February 17, 2022, Fu, general manager of China Ocean Shipping Group (hereinafter referred to as COSCO Shipping Group), led a team to visit Baidu, accompanied by Baidu's chief technology officer, and experienced unmanned vehicles. Fu and other guests also had in-depth exchanges with Mars, vice president and chief information officer of Baidu Group, and Yang Zhaoming, vice president of Baidu Group, on the cooperation projects between the two parties and the achievements of digital transformation of COSCO marine logistics promoted by Yuan Duyun (joint venture company), and looked forward to expanding cooperation in the future.