国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

COSCO launches world's largest oil tanker fleet

By Zhong Nan (China Daily) Updated: 2016-06-07 07:57

COSCO launches world's largest oil tanker fleet

A ship designed by a COSCO unit in Nantong, Jiangsu province, on a trial sailing. It was made to operate under tough ocean conditions. [Photo provided to chinadaily.com.cn]

Move will strengthen firm's capabilities in shipping oil, gas to safeguard energy security

China COSCO Shipping Co, the country's largest shipping company by fleet size, officially launched COSCO Shipping Energy Transportation Co in Shanghai on Monday, creating the world's largest oil tanker fleet in terms of both ship numbers and deadweight tonnage.

With a total of 105 oil tankers, including nine liquefied natural gas carriers and a deadweight tonnage of 17.04 million, the new company has the world's biggest fleet of oil tankers and the largest transport capacity of its kind. The asset value of COSCO Shipping Energy Transportation accounts for 11 percent of COSCO Shipping's total assets, and its oil tanker fleet holds 20 percent of the group's entire shipping capacity. COSCO Shipping Chairman Xu Lirong said that the establishment of the new company is a practical way to achieve business scale and synergies particularly in the sectors of energy shipping and logistics, in order to better compete with other established global rivals.

"This move is also part of ongoing restructuring of State-owned enterprises," Xu said at the inaugural meeting in Shanghai.

"The group will use this new setup to strengthen its capabilities in shipping oil, gas and other energy resources to ensure China's energy security."

The new company was formed by the previous China Shipping Development Co and COSCO Dalian Ocean Shipping Co.

COSCO Shipping Energy Transportation is also involved in investing in up to 25 LNG carriers, and it has more than 200 large domestic and overseas business partners in the oil and gas sectors such as China National Offshore Oil Corp, Royal Dutch Shell Group and BP Plc.

"COSCO Shipping's new step will transform its businesses into a more diversified operation model that can take full advantage of the opportunities likely to come from the Belt and Road Initiative and the development of the Yangtze River Economic Belt, said Wang Mingzhi, deputy director-general of the waterborne transport bureau at the Ministry of Transport.

Wang said the group will not only improve the country's ability to ensure its energy, economic and transportation security, but also play a key role in demonstrating that "reform is the fundamental way for SOEs to grow and prosper".

COSCO Shipping Energy Transportation will develop business operated by LNG carriers as a priority during China's 13th Five-Year Plan (2016-20).

Eager to develop businesses in logistics, energy development, industrial equipment manufacturing, financial and shipping services, COSCO Shipping also launched COSCO Shipping Financial Holding Co in Hong Kong last week to diversify the group's businesses in the financial services including vessel leasing, investments, finance management and insurance.

Hot Topics

Editor's Picks
...
玉门市| 新竹市| 常山县| 漠河县| 永靖县| 封丘县| 阿拉尔市| 罗山县| 柳林县| 增城市| 中阳县| 偃师市| 银川市| 常山县| 田林县| 延川县| 丰镇市| 金乡县| 册亨县| 密云县| 绥中县| 定陶县| 剑阁县| 伊通| 岢岚县| 郸城县| 汉源县| 长白| 定州市| 侯马市| 和林格尔县| 金山区| 漳州市| 东明县| 东乡县| 新乡县| 永定县| 余干县| 虹口区| 宿迁市| 密山市|