Firm capable of carrying commodity goods to more than 100 countries, regions
COSCO Shipping Bulk Co was officially launched in Guangzhou on Thursday, forming the world'slargest bulk vessel fleet in terms of both ship numbers and deadweight tonnage. The newcompany was formed by the merger of COSCO Bulk Carrier Co and China Shipping BulkCarrier Co.
With a total of 382 self-operated and controlled bulk vessels and a capacity of 34.58 milliondeadweight tons, COSCO Shipping Bulk will be able to ship iron ore, coal, grain and othercommodities to more than 1,000 ports in some 100 countries and regions. Its annual freightvolume will exceed 340 million metric tons. It now has 18,500 employees, including 13,000mariners. The average ship age in its fleet is eight years.