Cosco Swot Analysis

Introduction of shipping company: COSCO

China ocean shipping company, known as COSCO is a Chinese shipping and logistics services company. It is a government-owned company of the People’s of China. Its headquarters is in ocean plaza in the Xicheng District in Bejing.

COSCO owns and controls over 800 modern merchant vessels with total of 56 million DWTs and having annual carrying capacity of 400 million tons. Its shipping lines covers 1,600 ports in more than 150 countries and regions worldwide. COSCO is positioned first in China and fifth in the world by container fleet size. COSCO owns rich logistics facilities and resources, operating more than 4,000 logistics vehicles and the largest capacity of 8,000 tons.

COSCO has many ship-building

It is fifth busiest container port in the world and also the largest transhipment port in north-east Asia. The port is the tenth busiest port in terms of total tonnage and the sixth busiest in terms of 20 TEUs of containerised cargo in 2007, as reported by American Association of Port Authorities.

The Port of Busan is developed, managed by the Busan Port Authority (BPA) which was established in 2004.The BPA has established an excellent feeder network, connecting ports in China, Russia and Japan and implements incentives in transshipment to attract greater volumes of cargo.

The competitiveness of the Busan Port has been strengthened, driven by the BPA's efforts in developing technologies such as prompt customs' procedure, the U-Port system and the screening systems.

The BPA is moving forward towards the North Port Redevelopment Project, the first domestic port redevelopment project, that will make significant contributions not only to the nation's economic development, but also in making the Busan Port a world-class marine tourism brand. Moreover, the BPA is proceeding with the Busan New Port Development Project, and the Port Hinterland Development Project, leaving no efforts to make it the most ideal business region for global