Company profile

Future of China COSCO Shipping

#
Rank
591
| Quantumrun Global 1000

China COSCO Shipping Corporation Limited, also known as the China COSCO Shipping or China COSCO Shipping Group, is a Chinese business conglomerate and state-owned enterprise engaged in various business sectors, with focus on integrated equipment manufacturing, shipping, logistics, and finance services. The company is headquartered in Shanghai.

Home Country:
Industry:
Shipping
Founded:
2016
Global employee count:
106478
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$57403934000 CNY
3y average revenue:
$63481077667 CNY
Operating expenses:
$4292982000 CNY
3y average expenses:
$4259038667 CNY
Funds in reserve:
$32690535000 CNY
Market country
Revenue from country
0.27
Market country
Revenue from country
0.22
Revenue from country
0.19

Asset Performance

  1. Product/Service/Dept. name
    Container shipping
    Product/Service revenue
    43980000
  2. Product/Service/Dept. name
    Dry bulk shipping
    Product/Service revenue
    7770000000
  3. Product/Service/Dept. name
    Container terminal operations
    Product/Service revenue
    2780000000

Innovation assets and Pipeline

Investment into R&D:
$20266000 CNY
Total patents held:
44
Number of patents field last year:
4

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the transportation and logistics/shipping sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically.

*This automation will be vital to accommodate the growth in regional and international shipping driven by the economic growth projected for the African and Asian continents—projections that are themselves spurred by their massive population and internet penetration growth forecasts.

*The plummeting price and increasing energy capacity of solid-state batteries will result in a greater adoption of electric-powered commercial aircraft. This shift will lead to significant fuel cost savings for short haul, commercial airlines.

*Significant innovations in aeronautical engine design will reintroduce hypersonic airliners for commercial use that will finally make such travel economical for airlines and consumers.

*Throughout the 2020s, as the e-commerce industry continues to grow in developed and developing countries, postal and shipping services will flourish, less to deliver mail and more to deliver purchased goods.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

COMPANY’S FUTURE PROSPECTS

Company Headlines