Founded on April 27, 1961 as the pioneer of international shipping carrier in China, together with the reconstruction of national transportation resources on February 16, 1993, China Ocean Shipping (Group) Company (COSCO) has grown into a $17 billion corporation by clearly focusing on the goal of enabling commerce around the globe. It is an international giant, specializing in shipping and modern logistics, serving as a shipping agency and providing with services in freight forwarding, shipbuilding, shiprepairing, terminal operation, trade, financing, real estate and IT industry as well with an aim at taking one of the leading roles in these areas. Today, followed by more than 40 years of arduous efforts, COSCO has successfully molded itself into a global company with one of the most recognized and admired brand name in the world. As far as the fleet capacity is concerned, we now own and operate a variety of merchant fleet of some 600 vessels with total carrying capacity of up to 35 million DWT, which help make a hit with achieving annual traffic volume of more than 300 million tons.