China's Growing Influence in Panama
#china #panama #global_shipping
A major deal between a Hong Kong-based conglomerate and a Chinese investor could impact the global shipping industry and raise concerns about China's economic and political power.
COSCO Shipping, officially China COSCO Shipping Corporation Limited, is a Chinese state-owned multinational marine transportation conglomerate headquartered in Shanghai. Formed in 2016 through the merger of China Ocean Shipping Company (COSCO) and China Shipping Group Company, COSCO Shipping has rapidly become one of the world’s largest shipping and logistics operators, with a global footprint spanning container shipping, port operations, and integrated logistics services. COSCO’s roots trace back to 1961, when COSCO was established as China’s largest dry bulk carrier and a top global liner operator. The 2016 merger created a powerhouse with a fleet of over 440 container vessels and a total capacity of approximately 2.4 million TEUs by late 2025. COSCO Shipping Lines is among the world’s leading container carriers, while its terminal arm, COSCO SHIPPING Ports, operates 375 berths across 39 ports worldwide, including strategic assets in Europe such as Piraeus in Greece, and terminals in Belgium, Spain, and the Netherlands. In recent years, COSCO has distinguished itself through technological innovation and sustainability initiatives. The company has embraced digital intelligence and green low-carbon development, launching China’s first methanol dual-fuel powered containership, COSCO SHIPPING YANGPU, and collaborating with major ports to establish green shipping corridors. In the first half of 2025, COSCO SHIPPING Holdings reported strong financial results, with revenue reaching RMB109.1 billion and net profit of RMB20.2 billion, reflecting its resilience amid global market volatility. Notable for its influence on global supply chains and its pioneering role in sustainable shipping, COSCO continues to shape the future of maritime transport, blending operational scale with technological advancement and environmental responsibility.
#china #panama #global_shipping
A major deal between a Hong Kong-based conglomerate and a Chinese investor could impact the global shipping industry and raise concerns about China's economic and political power.