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CSP Abu Dhabi Terminal L.L.C.
Historic co-operation Seafaring around the globe COSCO Shipping Lines is the invincible name for maritime logistics COSCO SHIPPING Lines West Asia FZE is the general agent in the Middle East under COSCO SHIPPING Lines Co., Ltd. COSCO SHIPPING Lines Emirates L.L.C. is the general agent in the UAE under COSCO SHIPPING Lines Co., Ltd. COSCO SHIPPING Lines Co., Ltd (hereinafter referred to as COSCO SCOSCO Shipping Lines Co. Ltd (hereinafter referred to as COSCO SHIPPING Lines), affiliated with COSCO Shipping Group, is born with the integrated container businesses of CSCL and its predecessor COSCO, which has been up for business since March 1, 2016. COSCO SHIPPING Lines is a fullyowned subsidiary of COSCO SHIPPING Holding Co., Ltd, registered in China (Shanghai) Free-trade Experimental Area with a registered capital of 15.96 billion Yuan. The company is mainly engaged in domestic and international maritime container transport services and related business, as the group’s core business sector. By November 30, 2017, COSCO SHIPPING Lines had a total of 291 corporate enterprises, including 137 domestic enterprises and 154 enterprises abroad. After integration, COSCO SHIPPING Lines has expanded the business scale and consolidated its position in the industry. Meanwhile, the service network has also been further improved. By the end of March 2018, the company had a total of 373 container vessels, with a total capacity of 1.9 million TEUs, ranking the 4th place in the world, and the 1st place in Asia. COSCO SHIPPING Lines operates 362 international and domestic shipping routes, consisting of 227 international services (including international feeder services), 49 domestic services, 86 Yangtze River and Pearl River shipping services, covering 289 ports in 90 countries and regions worldwide.
Ambitious plans are underway to more than double the container-handling capacity at Khalifa Port Abu Dhabi Ports and Cosco Shipping Ports signed an agreement during the ceremony for development of a container freight station, which will be the largest in the region. It forms part of ambitious plans to more than double the container-handling capacity at Khalifa Port over the next several years. Abu Dhabi Ports, which operates Khalifa Port, last year signed a 35-year concession agreement with Cosco to operate a new $700 million terminal that will add 2.4 million twenty-foot equivalent units (TEUs) a year to the port’s existing capacity of 2.5 million TEUs. Cosco Shipping also has an option to increase the capacity by a further 1.1 million containers.
The move is part of Abu Dhabi’s broader strategy to develop the port as a regional hub and link it with industrial free zones to expand and diversify the economy. Said Xi Jinping, President of China to the UAE: “Our industrial capacity cooperation has made historic progress. The Khalifa Port Container Terminal Two, a project jointly built and operated by Chinese and UAE companies with a designed annual capacity of 2.4 million TEUs (20-foot equivalent unit), will be up and running in the first quarter of 2019. The China-UAE Industrial Capacity Cooperation Demonstration Zone located in Khalifa Industrial Zone has made good progress. As things stand, 16 enterprises have signed letters of intent with a committed investment of 6.4 billion yuan ($956 million).” COSCO SHIPPING Ports Limited (Stock Code: 1199), is a leading ports operator in the world, its terminals portfolio covers the five main port regions
in Mainland China, Southeast Asia, Middle East, Europe and the Mediterranean. As at December 31, 2017, COSCO SHIPPING Ports operated and managed 269 berths at 35 ports worldwide, of which 179 were for containers, with a total annual handling capacity of approximately 103 million TEU. COSCO SHIPPING Ports has adopted “The Ports For ALL” as its mission and is working towards building a global terminal network with controlling stake that offers linkage effects on costs, services and synergies, a synergistic platform that offers mutual benefits to all in the shipping industry, connecting global routes and becoming truly “the ports for all people”. COSCO SHIPPING Ports’ controlling shareholder is COSCO SHIPPING Holdings Co., Ltd. (Stock Code: 1919), whose parent company, China COSCO Shipping Corporation Limited, is the largest integrated shipping enterprises.
COSCO SHIPPING LOGISTICS (West Asia) L.L.C.
Specialising in transportation and storage The company has built a unique integrated marketing and logistics platform in the Middle East Dragon Mart opened on December 7, 2004, in Dubai. To meet the needs of Chinese customers in Dragon Mart, COSCO SHIPPING Group decided to establish a joint venture of COSCO SHIPPING LOGISTICS West Asia L.L.C. by RAIS HASSAN SAADI GROUP and COSCO SHIPPING LOGISTICS Group in March 2005, managing the 30,000 square-metres warehouse and specialising in transportation and storage of Chinese goods. At present, the company has 38 Chinese and foreign employees. COSCO SHIPPING Group is mainly responsible
for the company operation and management, with one Chinese staff assigned from China as general manager. Business introduction In the beginning, due to the bleak business of the Dragon Mart market and fierce competition from local major logistics companies, the company struggled in this new field. In the face of pressure, with the support from COSCO SHIPPING headquarters, the company
improved marketing, strengthened internal management with solidarity and took a variety of flexible management service models that met the needs of the local market and most of the customer requirements, achieving thriving business. Warehouse logistics business has developed from 4,000 cubic metres to the present more than 33,000 cubic metres, increasing by eight times and gradually started a business such as container and breakbulk cargo agents, project logistics and other businesses. COSCO SHIPPING LOGISTICS West Asia L.L.C. builds up a unique integrated marketing and logistics platform in the Middle East, has also become an essential part of the global network of COSCO SHIPPING.