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China Ocean Shipping Co.
China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is a former Chinese Government owned shipping and logistics services supplier company. It is one of the major holding company for China COSCO Shipping. China COSCO Shipping itself is formed by a merger of COSCO Group and China Shipping Group as one conglomerate, by a creation of a new common parent company of the two groups. COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of , and a tanker fleet of 120 vessels. The fleet calls at over a thousand ports worldwide. It ranks among the largest in both number of container ships and aggregate container volume in the world. In 2012, it was among China's top 15 brands. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Shipping Group
China Shipping Group Company, Limited, formerly China Shipping (Group) Company, is a former Chinese state-owned shipping conglomerate. It is now one of the intermediate holding companies for another Chinese state-owned conglomerate, China COSCO Shipping, which was formed by a merger of China Ocean Shipping Company (COSCO) and China Shipping Group by the creation of a new parent company for the two conglomerates. China Shipping Group was mainly engaged in shipping of oil tankers, passenger ships and container vessels. Other related businesses included ship and Terminal management, finance and investment, engineering, human resources, trading and information technology. History China Shipping (Group) Company () was formed in 1997 by a merger of three Chinese Government owned shipping conglomerates, based in Shanghai, Guangzhou and Dalian respectively. At first the company had a net loss of RMB 680 million (in yuan) a year. The merger also made China Shipping Group became the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwai Tsing Container Terminals
Kwai Tsing Container Terminals is the main port facilities in the reclamation along Rambler Channel between Kwai Chung and Tsing Yi Island, Hong Kong. It evolved from four berths of Kwai Chung Container Port () completed in the 1970s. It later expanded with two berths in the 1980s. Two additional terminals are added adjoining to Stonecutters Island in the 1990s and was renamed Kwai Chung Container Terminals. In the 2000s, Container Terminal 9 on the Tsing Yi Island was completed and the entire facility was renamed to ''Kwai Tsing Container Terminals''. It has been the eighth-busiest container port in the world since 2019, just after Shanghai, Singapore, Ningbo-Zhoushan, Shenzhen, Guangzhou, Busan and Qingdao. History The Container Committee was appointed by the Governor Sir David Trench on 12 July 1966 to advise the government on the containerisation revolution in cargo handling. In early 1967 the committee declared that Hong Kong had to build the capacity to handle containe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hongkong International Terminals
Hongkong International Terminals Limited (HIT) () is one of several key container port operators in the Port of Hong Kong owned by Hutchison Port Holdings, which is the largest port operator in Hong Kong and the world. HIT operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals. It also set up a joint-venture (COSCO-HIT) with COSCO Pacific to operate 2 berths in Terminal 8 (East). In 2005, Hutchison Whampoa sold 20% shares of HIT (including the 20% of 50% = 10% rights of Terminal 8 East) to PortCapital Ltd (a company that major shareholder was PSA International at that time). A year later, Hutchison Whampoa sold 20% shares of its wholly subsidiary Hutchison Port Holdings to PSA International. In 2009, China Resources Holdings acquired 10% shares of HIT from its subsidiary China Resources Enterprise China Resources Enterprise is the subsidiary and the listed company of China Resources Holdings. It is a conglomerate enterprise focusing on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COSCO Pacific
COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of China Ocean Shipping (Group) Company (COSCO) and now part of its successor, China COSCO Shipping group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent ( blue chip) from 2003 to 2014. COSCO Pacific also a red chip company so that it once considered as a purple chip company. History COSCO Pacific Limited is a Bermuda incorporated company and was a subsidiary of China Ocean Shipping (Group) Company (COSCO). In 1994, it became a listed company in the Stock Exchange of Hong Kong (SEHK). At that time, Hong Kong is a British colony and not yet handover back to the People's Republic of China. After the 1997 handover, Hong Kong still has a separate jurisdict ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Administrative Region Of China
The special administrative regions (SAR) of the People's Republic of China are one of the provincial-level administrative divisions of the People's Republic of China directly under the control of its Central People's Government (State Council), being integral areas of the country. As a region, they possess the highest degree of autonomy from China. However, despite the relative autonomy that the Central People's Government offers the special administrative regions, the National People's Congress remains capable of enforcing laws for the special administrative regions. The legal basis for the establishment of SARs, unlike the other administrative divisions of China, is provided for by Article 31, rather than Article 30, of the Constitution of the People's Republic of China of 1982. Article 31 reads: "The state may establish special administrative regions when necessary. The systems to be instituted in special administrative regions shall be prescribed by law enacted by th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shun Shing Holdings
COSCO Shipping International (Hong Kong) Co., Ltd., stylized as COSCO SHIPPING International, and formerly COSCO International Holdings Limited, is a Hong Kong listed company and an indirect subsidiary of COSCO Shipping. It engages in ship trading and supplying services. It is headquartered in Hong Kong and it is listed in the Stock Exchange of Hong Kong (SEHK) since 1992. COSCO Shipping International (Hong Kong) is incorporated in Bermuda, as an offshore company. It is a red chip company. History The company became a listed company since 1992. The company was known as Shun Shing Holdings and then COSCO International and currently COSCO Shipping International (Hong Kong). Shun Shing Holdings Shun Shing Holdings is a company incorporated on 9 September 1991 in Bermuda and registered as a "foreign company" in Hong Kong in 1992. On 11 February 1992, Shun Shing Holdings became a listed company. It is a parent company of a Hong Kong-based main contractor, Shun Shing Construction & Engi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PetroChina
PetroChina Company Limited () is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer and was China's second biggest oil producer in 2006. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007,Analysts express optimism about Chinese shares (Xinhuanet.com, with source from ''Shanghai Daily'') and subsequently entered the constituent of SSE 50 Index. In the 2020 |
International Telephone And Telegraph
ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies. ITT has approximately 10,000 employees in more than 35 countries and serves customers in well over 100 countries. The company's long-standing brands include Goulds Pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components. The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986. In 1995, the company sold off its hospitality portfolio, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lykes Brothers Steamship Company
Lykes Bros. Steamship Co., also called Lykes Lines, was a cargo shipping company acting from the beginning of the 20th century to 2005 having its main business in the trade to and from the United States. History In 1898 the sons of Dr. Howell Tyson Lykes started a shipping business on the Gulf Coast of Florida. They used a 109-foot, 75 ton three-masted schooner to ship cattle to Cuba as a replacement for herds which were wiped out in the Spanish–American War. The tradition of naming their ships after family members dates back to that time, when this schooner was named ''Doctor Lykes'' after their father. Three years later, an office was opened in Galveston, Texas, and Lykes began offering general cargo transportation between the US Gulf and Caribbean ports. In 1922 the Lykes Bros. Steamship Co. was set up as a separate company, owned by the Lykes Brothers. The seven brothers had been trading cotton, lumber and grain for years so owning their own ships was a natural extension of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Communiqué On The Establishment Of Diplomatic Relations
The Joint Communiqué on the Establishment of Diplomatic Relations of January 1, 1979, established official relations between the United States and the People's Republic of China (commonly called "China"). Its announcement coincided with the ending of U.S. official recognition of the Republic of China (now commonly known as "Taiwan"), which was announced by President Jimmy Carter in December 1978. Carter also announced the withdrawal of all U.S. military personnel from Taiwan and the end of the Sino-American Mutual Defense Treaty signed with the ROC. However, the Taiwan Relations Act passed by the unequivocal support of US Congress (and signed by the Carter Administration) shortly thereafter continued to provide the legal framework as a US domestic law to maintain commercial, cultural, and other relations without official Government representation and without diplomatic relations of the unofficial relations in the form of the American Institute in Taiwan. Beyond formal recognitio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
