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
...
蓝田县| 天峨县| 通城县| 雷州市| 安福县| 兴安盟| 商南县| 永城市| 新民市| 柞水县| 婺源县| 黑河市| 紫阳县| 周宁县| 健康| 平武县| 峡江县| 基隆市| 毕节市| 上栗县| 大荔县| 姜堰市| 澄城县| 新泰市| 沙雅县| 厦门市| 祥云县| 乾安县| 德庆县| 鄯善县| 集贤县| 岳阳市| 城固县| 方正县| 祁东县| 同仁县| 乌拉特后旗| 鄂托克旗| 江北区| 临洮县| 瓦房店市|