Chapter 4 About Cosco Shipping Ports
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China's Merchant Marine
“China’s Merchant Marine” A paper for the China as “Maritime Power” Conference July 28-29, 2015 CNA Conference Facility Arlington, Virginia by Dennis J. Blasko1 Introductory Note: The Central Intelligence Agency’s World Factbook defines “merchant marine” as “all ships engaged in the carriage of goods; or all commercial vessels (as opposed to all nonmilitary ships), which excludes tugs, fishing vessels, offshore oil rigs, etc.”2 At the end of 2014, the world’s merchant ship fleet consisted of over 89,000 ships.3 According to the BBC: Under international law, every merchant ship must be registered with a country, known as its flag state. That country has jurisdiction over the vessel and is responsible for inspecting that it is safe to sail and to check on the crew’s working conditions. Open registries, sometimes referred to pejoratively as flags of convenience, have been contentious from the start.4 1 Dennis J. Blasko, Lieutenant Colonel, U.S. Army (Retired), a Senior Research Fellow with CNA’s China Studies division, is a former U.S. army attaché to Beijing and Hong Kong and author of The Chinese Army Today (Routledge, 2006).The author wishes to express his sincere thanks and appreciation to Rear Admiral Michael McDevitt, U.S. Navy (Ret), for his guidance and patience in the preparation and presentation of this paper. 2 Central Intelligence Agency, “Country Comparison: Merchant Marine,” The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/fields/2108.html. According to the Factbook, “DWT or dead weight tonnage is the total weight of cargo, plus bunkers, stores, etc., that a ship can carry when immersed to the appropriate load line. -
STOXX Greater China 80 Last Updated: 01.08.2017
STOXX Greater China 80 Last Updated: 01.08.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) TW0002330008 6889106 2330.TW TW001Q TSMC TW TWD Y 113.9 1 1 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 80.6 2 2 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 60.5 3 3 TW0002317005 6438564 2317.TW TW002R Hon Hai Precision Industry Co TW TWD Y 51.5 4 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 50.8 5 5 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 41.3 6 6 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 32.0 7 9 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 31.8 8 7 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 31.1 9 8 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 28.0 10 10 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 20.6 11 12 HK0002007356 6097017 0002.HK 619091 CLP Holdings Ltd. HK HKD Y 20.0 12 11 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 20.0 13 13 TW0003008009 6451668 3008.TW TW05PJ LARGAN Precision TW TWD Y 19.7 14 15 KYG2103F1019 BWX52N2 1113.HK HK50CI CK Property Holdings HK HKD Y 18.3 15 14 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 16.4 16 16 HK0823032773 B0PB4M7 0823.HK B0PB4M Link Real Estate Investment Tr HK HKD Y 15.4 17 19 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd. -
Information Technology at COSCO
9-305-080 REV: NOVEMBER 21, 2005 F. WARREN MCFARLAN CHEN GUOQING DAVID LANE Information Technology at COSCO To operate globally, a company like COSCO can’t rely on human brains alone. We just wouldn’t be able to stand up. In order to be a true multinational, you must have information technology to support you. We are now the second-largest shipping company in the world, and the world number two must rely on IT. — Wei Jiafu, COSCO Chairman In January 2005, Captain Wei Jiafu, chairman of Beijing-based COSCO Group, noted with pleasure the impact of COSCO’s investments in information technology (IT). COSCO had just placed ninth in an annual ranking of China’s 500 most IT-intensive companies, up from 33rd the year before, and Wei had been cited as a “most far-sighted IT enterprise leader.” Among Asia-Pacific companies, Hewlett-Packard and Business Weekly had just named COSCO an “adaptive enterprise” for its IT achievements. More importantly, IT had delivered plenty of practical benefits. Wei noted: “This year’s operating profit is RMB 12 billion,a over three times that of last year. Last year’s profit was three times that of the year before. This is the heavy impact of IT.” The benefits of IT stemmed primarily from COSCO’s recent implementation of SAP’s enterprise resource planning (ERP) system for financial functions and IRIS-2, a back-office system that managed container ship bookings and cargo. With this foundation laid, COSCO was now building new capabilities. Several initiatives were under way in early 2005: the consolidation of IT functions from across the group into COSCO Network, the extension of IRIS-2 beyond containers to breakbulk and other shipping, and the less tangible but no less important task of using IT to enhance COSCO’s service friendliness to customers. -
Cosco Shipping International (Singapore) Co., Ltd
COSCO SHIPPING INTERNATIONAL (SINGAPORE) CO., LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: 196100159G) SUBSCRIPTION OF 30% INTEREST IN TAN CANG – COSCO – OOCL LOGISTICS COMPANY LIMITED 1. Introduction The Board of Directors (the “Board”) of COSCO SHIPPING International (Singapore) Co., Ltd. (the “Company”, and together with its subsidiaries, collectively the “Group”) wishes to announce that its subsidiary, COSCO SHIPPING Southeast Asia Container Logistics Services Pte. Ltd. (“COSCO SEA”) has today made a capital contribution of US$300,000 (equivalent to approximately 6,873,000,000 Vietnamese Dong (“VND”) and approximately S$416,000) for 30% interest in TAN CANG – COSCO – OOCL Logistics Company Limited (“TAN CANG – COSCO – OOCL”) (the “Subscription”). The contributed capital of TAN CANG – COSCO – OOCL before and after the Subscription is as follows: Before the After the Subscription Subscription Amount % Amount % Tan Cang Overland Transport Joint US$154,000 50 US$400,000 40 Stock Company (“TAN CANG”) OOCL Logistics (Hong Kong) US$154,000 50 US$300,000 30 Limited (“OOCL”) COSCO SEA - - US$300,000 30 Total US$308,000 100 US$1,000,000 100 OOCL is a subsidiary of COSCO SHIPPING Holdings Co., Ltd. which is in turn a subsidiary of China COSCO SHIPPING Corporation Limited. China Ocean Shipping Company Limited, being the controlling shareholder of the Company, is also wholly-owned by China COSCO SHIPPING Corporation Limited. In respect of the Subscription, COSCO SEA is the “entity at risk” for the purposes of Chapter 9 of the Listing Manual and OOCL is an "interested person". The transaction therefore constitutes an "interested person transaction" within the meaning of Chapter 9 of the Listing Manual. -
March 2, 2020 I Vol - 131
NEWS March 2, 2020 I Vol - 131 Hamriyah Free Zone woos exporters from Kerala to UAE India: JNPT walks back direct terminal handling fees Federation of Indian Export Organisations, Kerala Indian regulatory measures to address nagging shipper concerns about “arbitrary” terminal pricing have begun to yield Chapter jointly with Hamriyah Free Zone Authority has positive results, at least on a limited scale, according to shippers and customs brokers operating in the country. Effective organised a seminar on the opportunities available in Monday, terminal operators at Jawaharlal Nehru Port (JNPT) have agreed to lift the additional direct port delivery (DPD) cargo UAE for exporters. Speaking on the occasion, Ali Al shifting charges they had previously sought to impose beyond the port’s base fee. DPD handling gives importers the option to Jarwan, Deputy Executive Director, Hamriyah Free Zone, clear cargo directly from the wharf within 48 hours of landing. “JNPT will charge only one shifting charge and applicable dwell said India has emerged the third largest trading partner time charges for DPD containers moved to CFSs [container freight stations] after 48 hours,” the Brihanmumbai Custom Brokers of UAE after China and the US and the trade between Association (BCBA) said of the move. That cost revision is significant, as a good portion of DPD cargo is shifted off-site, after two countries has touched $60 billion today compared being declared out-of-charge by customs, as cargo owners generally prefer to store goods at port-side yards longer because of to $180 million in the 70s. Moreover, UAE is the second limited warehousing capacity in and around their production sites. -
Marine Heavy-Lift Operations in China
CHINA FOCUS Marine heavy-lift operations in China Liang Jinyu Vice-general Manager, Safety Supervision Department, China Shipping Co Xie Jieying, Lecturer, Shanghai Maritime University Following the international financial crisis, as well as cargo operation practices and as large-scale industrial devices and large the global economic structure changed current heavy-lift fleets in the country. vehicles, has increased rapidly. Meanwhile, dramatically. The traditional global many large-scale projects were started market was subdivided into segments in Market for heavy-lift operations in China’s inland and coastal waters: the accordance with consumer requirements. in China Three Gorges project, West-East Natural Therefore, when conventional fleets such After China joined the World Trade Gas Transmission project, high speed rail, as tankers, bulk carriers and containers Organisation (WTO), its market share not to mention marine gas exploration, were struggling for survival, the heavy-lift for industrial products rose from 10% in nuclear power, petrochemical and civil transportation market developed rapidly. 2000 to 25% in 2008, accompanied by an aircraft manufacturing – all needed a large Heavy and bulky cargo items such explosive increase in export and processing quantity of large-scale devices and so as generators, locomotives, drilling rigs trades in European and American gave rise to the growth of exporting and and container cranes have brought about Markets. During the past decade, importing heavy-lift machinery via land revolutionary changes in cargo handling considering the changing government and sea transportation. and marine transportation. New methods strategies and the rapid development and tools have been introduced into the of equipment manufacturing in China, High-speed rail marine industry. -
Press Release
Press Release COSCO SHIPPING Ports Signs Investment Agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau Take Advantage of Scarce Logistics Resources near the Port to Develop High-end Warehousing Business Further Enhance Profitability Hong Kong – 3 April 2019 – COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP” or “Company”, HKEX stock code:1199), a leading ports operator in the world, today announced that the Company signed investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau (广州南沙经 济技术开发区商务局). The Company plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain plat- form, develop high-end warehousing business and extend the upstream and downstream industries. Leveraging on Nansha Free Trade Zone’s policy and favourable geographical position, the Company plans to establish supply chain platform to develop various business, including cross-border e-com- merce, auto parts and accessories distribution, fresh food and pharmaceutical products cold chain and supply chain finance, as the extension of port supply chain. Phase I of the project covers a con- struction area of about 254,000 ㎡ and consists of warehousing, comprehensive service areas and supporting facilities. Relying on the resource advantages of COSCO Shipping Group in shipping, ports, trade, logistics and finance, the Company will build a high-standard port supply chain base integrat- ing logistics, warehousing and business support services. -
Press Release (For Immediate Release)
Press Release (For immediate release) COSCO SHIPPING Holdings Achieved Net Profit of RMB 687million for 1Q 2019 Representing a Substantial Increase of 280% Year-on-Year (26 April 2019, Shanghai) - COSCO SHIPPING Holdings Co., Ltd ("COSCO SHIPPING Holdings" or "the Company") (SSE: 601919; HKEx: 1919) today announced its financial results for the first quarter of 2019. In the first quarter of 2019, the international container shipping market continued to recover. The freight rates of Transpacific and Asia-Europe routes were higher than the same period of last year. The average China Containerized Freight Index (CCFI) reached 852 points, representing a year-on-year increase of 4.5%. COSCO SHIPPING Holdings actively seized market opportunities, made efforts to improve the quality of development and maintained its growth momentum. In the first quarter of 2019, the revenue reached RMB35.08 billion, representing a year-on-year increase of 60%. The company realized a net profit attributable to equity holders of the company of RMB687 million, surged 280% from RMB181 million in the same period of last year. The revenue of container shipping business reached RMB33.45 billion, representing a year-on-year growth of 62.4%, and the gross profit was RMB3.22 billion, representing a year-on-year increase of 159%, with gross profit margin increased by 3.6 percent points to 9.6%. In view of major operating data, the core businesses of the Company continued to maintain sound growth momentum. In the first quarter of 2019, the container shipping business of the Company handled a shipping volume of 5.88 million TEUs, representing a year-on-year increase of 42.6%; of which COSCO SHIPPING Lines handled a shipping volume of 4.28 million TEUs, representing a year-on-year increase of 3.7% and OOCL handled a shipping volume of 1.61 million TEUs. -
UW LOGISTIEKE OPLOSSING? Waarom
DE LOGISTIEKE DIENSTVERLENER 6#0-'0 61.4'(70& 81'467+)5'48+%'5 10.+0'5'48+%'5 )QGFXQQT\KGPFQQTJGGN'WTQRC )TGP\GNQ\G\GMGTJGKFOGVFG&-8%#4& 4WKOCEEGRVCVKGRWPVGPFQQTJGGN'WTQRC$GUVGNPWWYHWGNGP UGTXKEGECTFFKGVQGICPIDKGFVVQVJGVITQQVUVGVQGNGXGTKPIUPGVYGTMKP FGVTCPURQTVUGEVQT&KVKUUNGEJVUÅÅPXCPQP\GXGNGFKGPUVGPYCCTOGGW QPFGTYGIPQQKVCCPFGMCPV\WNVDNKLXGPUVCCP 8TCCIXCPFCCIPQIWYQHHGTVGQROCCVCCP FMXGWTQUGTXKEGEQO NIEUWSBLAD TRANSPORT 12-18 APRIL 20177 De logistieke dienstverlener 3 VOORWOORDRD Omkoping, MELS DEES [email protected] maar geen fraude Logistiek dienstverlener HAVENSCHANDAAL Hoge Raad handhaaft vonnis Nu het woord ‘logistiek’ op bijna elke vrachtwagen prijkt en bijna elke onderneming zich ‘dienstverlener’ noemt, kan de redactie van Nieuwsblad Transport het thema ‘de logistieke dienstverlener’ nogal breed interpreteren. En dat doen we dan ook in deze editie. Veranderende business-modellen (die we tegenwoordig als ‘disruptive’ omschrijven) komen in meerdere artikelen terug. Zo beschouwt de topman van DHL alternatieven voor de pak- ketbezorging (pag. 11). Hebben drones de toekomst, of blijft het bij chauff eurs die aanbellen bij de besteller? Duurzaamheid was ook lange tijd een onderscheidende factor voor bedrijven – vooral in hun marketinguitingen. Dat veran- derde inmiddels. ‘Duurzaamheid is gewoon geworden, het zit in het DNA van veel bedrijven’, stelt Jurgen Hoppenbrouwers van Deloitte (pag. 15). Waarbij hij wel moet toegeven dat de lo- gistieke sector niet echt proactief is: bedrijven volgen de wen- sen van hun opdrachtgevers op het gebied van duurzaamheid. Dit, terwijl een meer duurzame houding tot kostenreducties leidt – en daar is uiteindelijk bijna elke logistieke dienstverle- ning naar op zoek. ‘Binnen twee jaar is 10 tot 15% reductie van het aantal gereden kilometers, brandstof en transportkosten mogelijk’. Schaalvergroting bij logistiek dienstverleners leidt, zo is de ervaring van Hoppenbrouwers, in de praktijk vaak tot een toenemend gebruik van schone modaliteiten, zoals spoor en binnenvaart. -
Corporate Sustainability Report 2016
COSCO SHIPPING Ports Limited Sustainability Report 2016 Publication Format This report is published in print and electronic versions in both Chinese and English. Electronic versions can be downloaded from website of the COSCO SHIPPING Ports. http://ports.coscoshipping.com Contents About This Report 1 Chairman’s Statement 3 Report by Vice Chairman 5 About Us 7 Our Approach to Sustainability 15 Corporate Governance 19 Commitment to Staff 21 Commitment to Customers 25 Commitment to the Environment 29 Commitment to Supply Chain 31 Commitment to the Community 33 The Way Forward in our Sustainability Journey 35 Data Tables 37 Contact Information 39 Report Survey Questionnaire 40 Appendices 41 1 About This Report This sustainability report is published by COSCO In-scoped companies for the Shareholdings SHIPPING Ports Limited (“COSCO SHIPPING report Ports”, “We” or “the Company”, together with our Headquarter subsidiaries, are collectively referred to “the Group”), summarising the performance and COSCO SHIPPING Ports progress of the Group for the period from Bohai Rim 1 January 2016 to 31 December 2016 pertaining 1 Qingdao Qianwan Terminal 20% to environmental, social and governance aspects. 2 Tianjin Five Continents Terminal 28% Basis of Preparation 3 Tianjin Euroasia Terminal 30% The preparation of this report was conducted 4 Yingkou New Century Terminal 40% mainly with reference to the core option of the 5 Dalian International Terminal 40% Global Reporting Initiative (GRI) “G4 Sustainability 6 Yingkou Terminal 50% Reporting Guidelines” and the “Environmental, 7 Dalian Port Terminal 20% Social and Governance Reporting Guide” set out 8 Jinzhou New Age Terminal in Appendix 27 of the Rules Governing the Listing 51% of Securities on The Stock Exchange of Hong Yangtze River Delta Kong Limited (“the Listing Rules”). -
Qingdao Port International Co Annual Report 12748B.Pdf
CONTENTS PAGE DEFINITIONS 2 CORPORATE INFORMATION 6 COMPANY PROFILE 8 2017 MAJOR EVENTS 12 FINANCIAL HIGHLIGHTS 17 CHAIRMAN’S STATEMENT 19 MANAGEMENT DISCUSSION AND ANALYSIS 22 DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT 44 DIRECTORS’ REPORT 51 SUPERVISORS’ REPORT 68 CORPORATE GOVERNANCE REPORT 71 AUDITOR’S REPORT 85 CONSOLIDATED AND COMPANY BALANCE SHEET 91 CONSOLIDATED AND COMPANY INCOME STATEMENT 95 CONSOLIDATED AND COMPANY CASH FLOW STATEMENT 98 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 102 COMPANY STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 104 NOTES TO THE FINANCIAL STATEMENTS 106 DEFINITIONS Unless the context otherwise requires, the following expressions shall have the following meanings: “2017 AGM” the annual general meeting for the year 2017 of the Company to be held on 6 June 2018 “Articles of Association” the articles of association of the Company, as amended from time to time “Board” the board of directors of Qingdao Port International Co., Ltd. (青島港國際股份有限公司) “CFS” container freight station, of which, container freight station at loading ports refers to the location designated by carriers for the receiving of cargo to be loaded into containers by the carrier, while container freight station at discharge or destination ports refer to the location designated by carriers for de-vanning of containerized cargo “Company” Qingdao Port International Co., Ltd. (青島港國際股份有限公司), a joint stock company established in the PRC with limited liability on 15 November 2013 “Consolidated Group Companies” the Company (including -
Research on the Development Strategy of COSCO Shipping Lines
World Maritime University The Maritime Commons: Digital Repository of the World Maritime University World Maritime University Dissertations Dissertations 8-22-2020 Research on the development strategy of COSCO shipping lines Hao Hu Follow this and additional works at: https://commons.wmu.se/all_dissertations Part of the Development Studies Commons, Strategic Management Policy Commons, and the Transportation Commons Recommended Citation Hu, Hao, "Research on the development strategy of COSCO shipping lines" (2020). World Maritime University Dissertations. 1461. https://commons.wmu.se/all_dissertations/1461 This Dissertation is brought to you courtesy of Maritime Commons. Open Access items may be downloaded for non-commercial, fair use academic purposes. No items may be hosted on another server or web site without express written permission from the World Maritime University. For more information, please contact [email protected]. SHANGHAI MARITIME UNIVERSITY WORLD MARITIME UNIVERSITY Shanghai, China RESEARCH ON THE DEVELOPMENT STRATEGY OF COSCO SHIPPING LINES By Hu Hao China A research paper submitted to the World Maritime University in partial Fulfillment of the requirements for the award of the degree of MASTER OF SCIENCE INTERNATIONAL TRANSPORT AND LOGISTICS 2020 DECLARATION I certify that all the material in this research paper that is not my own work has been identified and that no material is included for which a degree has previously been conferred on me. The contents of this research paper reflect my own personal views and are not necessarily endorsed by the University. (Signature):………Hu Hao………… (Date): ……17th June 2020…… Supervised by Professor Gu Weihong Shanghai Maritime University ii ACKNOWLEDGMENT I would like to extend my special regards to all those who have contributed directly and indirectly to prepare this thesis.