Chittagong in Bangladesh, Gwadar in Pakistan, Hambantota in Sri Lanka, Kyaupkyu in Myanmar, Malacca in Malaysia, Mombasa in Kenya. In 2018, COSCO handled 118.8 million TEU at 36 ports worldwide, the equivalent of the combined contained throughput of Shanghai, Singapore, Shenzhen and Ningbo, the world’s four largest ports. This is largely a question of administrative arrangements and bureaucratic efficiency. Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email. Annual Report 2019 5 Chairman ’ Dear Shareholders, First of all, on behalf of the Board and the management of COSCO SHIPPING Holdings, I would like to express my sincere gratitude to all our shareholders and customers around 2016 Interim Report. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Corporate Profile. 2019 Annual Report. All Rights Reserved. 31.7 % of this total was managed in overseas ports, the equivalent of Singapore’s annual container traffic. All Annual Reports Interim Reports. 2017 Annual Report. This comes with very little influence, if any, on the governance of ports. Similarly, the acquisition of a footprint in Europe and in the United States (Houston and Miami) by China Merchants Group was the result of the minority acquisition of 49% of Terminal Link from CMA-CGM. By continuing to use our service, you agree to our use of cookies. China Merchants Group holds only 33% of Djibouti’s Doraleh Container Terminal. In 2018, COSCO handled 118.8 million TEU at 36 ports worldwide, the equivalent of the combined contained throughput of Shanghai, Singapore, Shenzhen and Ningbo, the world’s four largest ports. Attempts to improve the competitiveness of them have... Our latest analyses in your inbox each week, L'adresse email du destinataire n'est pas valide, China Trends #2 – China’s Port Investment: The Flag Behind the Trade, Allowed HTML tags:
. The two largest companies that dominate Chinese overseas port acquisitions, COSCO and China Merchants Group, are driven by a logic of profit-making. Does China intent to use military power to “securitize” the maritime trade that has ensured rapid growth and prosperity for the country’s coastal provinces since the launch of economic reforms at the end of the 1970s? COSCO SHIPPING Ports achieved a total throughput of 123.78 million TEUs, representing a year-on-year increase of 5.5%. Stockhouse.com is owned by Stockhouse Publishing Ltd. © 2019 Stockhouse Publishing Ltd. All rights reserved. China’s corporate giant COSCO Shipping Ports Limited has titled its 2018 annual report Strengthening Global Footprint.Indeed, China’s investment in overseas ports is one of the most tangible incarnations of the country’s We also use them to share usage information with our. About CSP. In the past few decades, we have witnessed a very rapid rise of Chinese domestic ports. China’s corporate giant COSCO Shipping Ports Limited has titled its 2018 annual report Strengthening Global Footprint. 2018 Interim Report. Cosco Shipping Ports is a leading port operator and investor in China. The key question is to move away from a growth model centered on throughput to a next phase of growth driven by quality upgrading of port operations. We will not release or resell your information to third parties without your permission. possible discloseable transaction - acquisition of interest in guangxi beibu gulf international container terminal co., ltd The Indian Ocean region is a key recipient of China’s investment in foreign commercial ports. Lines and paragraphs break automatically. By providing my email, I consent to receiving messages from Stockhouse. The discussion focuses on the practical difficulties of running overseas bases. As at 30 September 2020, CSP operated and managed 360 berths at 36 ports worldwide, of which 206 were for … Cosco Pacific operates in 21 ports, 17 of which are in China. The obsession of the commentators is that Chinese domestic ports are "large but not strong", plagued by overcapacity and disorderly competition. Interim Report 2020. COSCO SHIPPING Holdings Co., Ltd. 2017 Annual Results Stock Code：601919.SH / 1919.HK 3rd April 2018 And for COSCO, Khalifa container terminals in Abu Dhabi represent the only greenfield investment in overseas ports. As a response, rather than specific policy recommendations, they advocate incremental and multi-layered engagement with the coastal states in the Indian Ocean: more trade, more naval presence, more involvement in security and governance affairs, more engagement with regional institutions. Please enter your password to sign in. And several authors ask the same question: how to ensure that the international community will accept China’s construction of overseas bases? If you are looking for the, Cable Cross | Crossfit | Functional Trainer, Mats | Socks | Blocks | Head Bands | Hair Bands, Draft Memorandum and Articles of Association, Commercial Cardio Recumbent Exercise Bike, Semi Commercial Cardio Elliptical Trainer, Semi Commercial Cardio Recumbent Exercise Bike, Semi Commercial Cardio Upright Exercise Bike. Only images hosted on this site may be used in
tags. 2017 Interim Report. COSCO SHIPPING Ports Announces 2020 Third Quarter Results, Dedicated to Implementing Lean Operations, Enhance the Company’s Profitability Progressively Press Releases 2020 . View the. In recent years, COSCO SHIPPING Ports has been the proud recipient of awards from the industry and the financial media for a wide spectrum of achievement, from entrepreneurial strength and market leadership to corporate governance, transparency, excellence of management and professional investor relations. This logic of incremental engagement as a strategic principle also guides China’s reflections on overseas military bases. Click here to download the full publication, China Trends #1 - China, the Reluctant WTO Reformer, China Trends #2 – China’s String of Ports in the Indian Ocean. Because the revenues of terminal business fluctuate less than shipping, COSCO and China Merchants Group should be expected to continue their rapid international expansion. Company ’ 2 Annual Report 2018 I. Company’s Information Legal Chinese name 中遠海運控股股份有限公司 Legal Chinese stock short name 中遠海控 English name COSCO SHIPPING Holdings Co., Ltd. English stock short name Ensuring that you are always young and fit, many sports brand have taken to manufacturing not just sports equipment but fitness equipment too. This is reflected in the number, size, and capacity of ports. Overall, this issue of China Trends illustrates the strategic importance of global maritime affairs for China, both from an economic and a security perspective. COSCO holds majority stakes in terminals in four ports only: Piraeus (100%), Abu Dhabi (90%), Zeebrugge (85%) and Valencia (51%). Benefited from the significantly improved operating results and the approximately RMB7.7 billion raising through the A-share private placement in the beginning of 2019, the Company’s financial situation has been further improved, and the financial foundation has been further consolidated. Chinese President Xi Jinping took the bold decision to put an end to years of debate regarding whether China should build bases to protect its "overseas interests". Overview. Should we think of port investment in terms of political control and influence or normal business relations? Annual Reports Annual Report 2019-20 Annual Report 2018-19 Annual Report 2017-18 Annual Report 2016-17 Annual Report 2015-16 Annual Report 2014-15 Annual Report 2013-14 Annual Report 2012-13 Annual Report 2011-12 The State Oceanic Administration estimates that China’s "blue GDP" (encompassing all sectors of the maritime economy) represents 10% of the country’s GDP, and seven Chinese ports are in the world’s top ten. Because acquisitions of overseas ports happen simultaneously with a naval build-up of historical proportions and a sudden policy reversal on overseas bases, they raise questions regarding China’s strategic intentions. Indeed, China’s investment in overseas ports is one of the most tangible incarnations of the country’s expanding global footprint. 31.7 % of this total was managed in overseas ports, the equivalent of Singapore’s annual container traffic. China Merchants Group’s construction of a port in Hambantota (Sri Lanka), one of China’s most controversial overseas investment because of the debt-for-equity scheme that resulted in the takeover of the port operations for 99 years, is an exception rather than a rule. COSCO SHIPPING (Hong Kong) Property Development Limited Beijing COSCO SHIPPING Investment Co., Ltd. COSCO SHIPPING International The same year, China Merchants Group handled 20.66 million TEU in its overseas terminals, 18.9% of its total capacity. But there is also a domestic discussion about ports. An email was sent with password retrieval instructions. Chinese analysts take a very geopolitical view of port investment in the Indian Ocean, stressing the resistance China encounters from India and the United States, detecting a "change of attitude" in potential recipient states when considering Chinese acquisitions, arguing that China now faces "geopolitical risk". China’s investment in overseas ports is one of the most tangible incarnations of the country’s expanding global footprint. Military power will serve as a guarantee to protect China’s expanding global footprint and will need a support network to operate efficiently. 2015 Interim Report. © Copyright 2016 Cosco (India) Limited. Please go to the link in the email message to retrieve your password. Annual Report 2019 China’s corporate giant COSCO Shipping Ports Limited has titled its 2018 annual report “Strengthening Global Footprint”. COSCO Pacific is one of the world's largest container terminal operators and, through Florens Container, it also is a leading lessor of shipping containers. Indeed, China’s investment in overseas ports is … All rights reserved. China needs to manage the balance between cooperation and competition between ports that operate in the regional vicinity of each other, such as Shanghai and Ningbo-Zhoushan, or Guangzhou and Shenzhen.
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