In 2018, the container shipping business of the company handled a volume of 21.79m teu, representing a year-on-year increase of 29%; of which Cosco Shipping Lines handled 18.37m teu, representing a year-on-year increase of 8.7% and OOIL handled 3.4m teu from July to December.
Cosco Shipping Holdings acquired OOIL in July 2018 and further expanded its fleet and service capacity.
Read more: Cosco Shipping keeps commitment to OOIL listing, to divest 15% of shares
The company has continued to expand in the intermodal arena and in 2018, it opened several new self-operating China-European container liner trains in cooperation with China Railway Corporation. The company provided services in a total of 112 foreign trade rail lines departing from China and 152 domestic rail lines, covering 20,000 to-door-service points.
Last year, the China-European Sea-rail Express based in Piraeus Port in Greece recorded a freight volume of 50,000 teu, representing a year-on-year increase of 27%.
In terms of port operation business, a majority of terminals controlled and invested by the company’s port arm, Cosco Shipping Ports, are located along the Belt and Road with a total of 283 berths in operation, including 192 container berths with an annual handling capacity of 106m teu. The container terminals of Cosco Shipping Ports recorded a total throughput of 120m teu last year, representing a year-on-year increase of 21%.
Cosco Shipping Holding, the listed arm of China Cosco Shipping Group, is engaged in container shipping and terminal operations. As of the end of 2018, the company operated a fleet of 477 container vessels with total shipping capacity of 2.76m teu and had an orderbook with a capacity of nearly 180,000 teu.
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