OceanRail Logistics S.A., Greece, officially established
On December 22, 2017, OceanRail Logistics S.A. completed its business registration procedures in Greece, marking the official establishment of Sino-European sea-rail transportation platform of Cosco Shipping. In order to further implement the Belt and Road Initiative, this company will make full use of sea-rail intermodal transportation to well connect the 21st Century Maritime Silk Road and the Silk Road Economic Belt in Europe with the Port of Piraeus as the hub. In addition, it will provide substantial supports to the construction of the third transportation corridor between Asia and Europe , the building of Piraeus into a pivotal point along the Belt and Road, achieving the overall synergic effects.
China Cosco Shipping Corporation Limited is an state-owned enterprise headquartered in Shanghai. It is the merged entity of China Ocean Shipping (Group) Company (Cosco) and China Shipping (Group) Company (China Shipping). Its vision is to undertake the mission of globalizing Chinese economy, consolidate advantageous resources, take global shipping, integrated logistics, and shipping related financial services as core business, and develop diversified industrial clusters, so as to build a world-leading business entity that provides integrated logistics and supply chain services.
The total fleet of China Cosco Shipping comprises of 1,114 vessels with a capacity of 85.32 million DWT, ranking No.1 in the world. Its container fleet capacity is 1.58 million TEU, ranking the fourth in the world. Its self-owned dry bulk fleet (365 vessels/33.52 million DWT), tanker fleet(120 vessels/17.85 million DWT), general cargo and specialized cargo fleet (3 million DWT), are No.1 in the world in terms of capacity.
The company owns over 46 container terminals all over the world, with over 190 berthing spaces. The throughput of its container terminals worldwide amounts to 90 million TEU, taking the second place in the world; the global sales volume of its ship bunker fuel exceeds 25 million tons, topping the world’s list; the container leasing business scale surpasses 2.7 million TEU, which is the third-largest in the world; and its offshore engineering manufacturing competence and vessel agency business are also leading in the world.