China: COSCO's President and CEO Meets CEO of Lloyd's Register

Capt. Wei Jiafu, President and CEO of COSCO Group, met with Mr. Richard Sadler, CEO of Lloyd’s Register in the head office of COSCO Group. Both parties exchanged views on strengthening mutual collaborations between COSCO and Lloyd’s Register in various marine related sectors.

The meeting was also attended by Mr. Gao Weijie, Chairman of Chinese Lloyd’s Register (China), Dr. Sun Jiakang, Vice President of COSCO Group, and other senior representatives from COSCO and Lloyd’s Register.

COSCO owns and controls over 800 modern merchant vessels with a total tonnage of 56 million DWTs and an annual carrying capacity of 400 million tons. COSCO’s shipping lines cover over 1,600 ports in more than 160 countries and regions worldwide, and its fleet size ranks the first in China and the second in the world. COSCO is positioned the first in China and the fifth in the world by container fleet size, and is also the first in the world by dry bulk fleet. It takes a lead in the world for comprehensive strengths of professional bulk, multiple-purpose vessel and special vessel fleet. Oil tanker fleet of COSCO is one of the super tanker fleets in the world. COSCO owns and operates 32 terminals worldwide, with 157 berths offered. Statistics released by Drewry in July 2009 show that throughput of container terminals of COSCO Pacific affiliated to COSCO continues to rank among top 5 places in the world.

COSCO has many ship-building and ship-repairing bases in China, which own a total of 16 docks including 300,000-ton-class docks and 500,000-ton-class docks, with businesses include large-sized ship and ocean engineering construction, refitting and reparation. These bases boast leading production equipment assembling ability and production management level, and takes a lead in the world in terms of indicators such as technical ability, production efficiency and production costs. These bases annually repair and refit over 500 large-sized vessels and build up 8.4 million tons, making it the largest ship-repairing enterprise and most-advanced ship-building enterprise.

Source: cosco, July 1, 2011;

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Posted on July 1, 2011

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