Chinese Ocean Shipping Company (COTC), the Shanghai Branch of COTC was established in No. 5, Shandong Yi Road, Shanghai, China, on April 1st, 1964, and was listed as a subsidiary company of the company in No. 5, Shandong Yi Road, Shanghai. On April 1, 1964, the Shanghai Branch of China Ocean Shipping Company was established at No.5, Shan Dong Yi Yi Road, Shanghai. After the establishment of COSCO Shanghai Branch, it struggled hard and made great efforts to develop its ocean transportation fleet at a high speed by combining investment in new vessels, loans for new vessels and "second-hand vessels". In less than 15 years, the company's fleet size from the initial 8 small general cargo ships, developed to the end of 1978 when the 115, formed by the general cargo ships, bulk carriers, multi-purpose ships, semi-container ships and ro-ro ships and other types of ships, such as the formation of a comprehensive ocean transportation fleet; the company's operating routes, air routes, by the initial Sino-Japanese, China and North Korea routes in more than 10 ports, expanding to the year 1978 all over Asia, Europe, Africa, the oceans. The routes and shipping areas operated by the company expanded from more than 10 ports on the China-Japan and China-Korea routes at the time of its establishment to 273 ports in 82 countries and regions in Asia, Europe, Africa, Oceania, and North and South America in 1978; the annual cargoes transported by the company increased from more than 800,000 tons at the time of its establishment to more than 8,600,000 tons in 1978; and the employees of the company increased from 488 at the time of its establishment to 1,120,010 in 1978, in which the ocean-going crew members developed from 410 to more than 9,000 people. COSCO Shanghai Branch thus became an important force of national foreign trade transportation. On June 12, 1964, "Peace 60" made its maiden voyage to North Korea, opening up the China-North Korea route. On June 18, 1964, the "Prairie Plain" made its maiden voyage to Japan, opening up the China-Japan route. In October 1968, "Red Flag" made its maiden voyage to Europe, opening up the Northwest Europe route. On July 18, 1970, "Sunrise" made its maiden voyage to the Mediterranean Sea, opening up the Mediterranean Sea route. On August 10, 1970, MV Dongfeng made its maiden voyage to Canada, opening up the North America route. On January 1, 1971, MV RED FLAG made its maiden voyage to Tanzania and opened up the Africa route. On July 16, 1971, "Red Flag" made its maiden voyage to Chile, opening up the South America service. On August 22, 1972, MV ANTING made its maiden voyage to the Philippines, opening up the Southeast Asia route. On September 26, 1978, "Pingxiangcheng" opened international container liner service from China to Australia, which was the first container liner service in China. Comprehensive Development Period (1979-1997) The Third Plenary Session of the Eleventh Central Committee of the CPC blew the trumpet of China's reform and opening up and accelerated economic construction, which also promoted the comprehensive development of ocean-going business. on May 1, 1979, approved by the Ministry of Transportation and Communications, the name of COSCO Shanghai Branch was changed to Shanghai Ocean Shipping Company. With the development of international sea container transportation and the progress of shipbuilding technology, the company actively introduced container ships, ro-ro ships and multi-purpose ships with advanced technology and high operating efficiency, and gradually eliminated the aged and technologically backward general cargo ships, bulk carriers and semi-container ships. By 1992, the company had 146 ocean-going vessels with more than 3 million DWT, of which container ships and Ro-Ro vessels accounted for more than one-third; the annual transportation volume reached 22.25 million tons, of which 11.62 million tons were transported by container ships and Ro-Ro vessels, accounting for more than half of the total volume. During the period, the company actively develops liner transportation, successively opened up the regular liner from China to Europe, America, Oceania, Southeast Asia, Africa, etc., which covers almost all the regions of the world, and set up the Pacific Rim Container Shanghai Ocean Shipping Co.
Container transportation network, which improves the efficiency of the ship's operation, and the economic benefits are obviously improved. While developing the main business of ocean transportation, the company actively creates land-based industries and operates more than 40 small and medium-sized enterprises, such as freight forwarding, warehousing and transshipment, ship repairing, ship supplying, commerce and catering, hotel and tourism, medical and health care, container repairing and real estate, etc. The company establishes the idea of serving the cargo owners. The company establishes the idea of serving the cargo owners, carries out enterprise reorganization, implements the economic contract responsibility system, and carries out the guideline target management and comprehensive quality management. In 1989, the company was rated as a second-grade national enterprise, and then won the honorary titles of National Enterprise Management Excellence Award (Golden Horse Award), National Excellent Enterprise in Ideological and Political Work, National May 1 Labor Certificate and Shanghai Civilized Unit, etc. In 1993, after the establishment of COSCO Group, in order to cope with the competition of international shipping, the company successively developed container ships and bulk carriers and launched a series of new products and services. In 1993, after the establishment of COSCO Group, in order to cope with the international shipping competition, COSCO Group implemented "unified operation and decentralized management" for container ships and bulk carriers, and COSCO Container Transportation Headquarter (CCTH) was set up in Beijing, while COSCO Group continued to manage the original container ships and bulk carriers, and at the same time, operated and managed the general cargoes ships.In July 1997, COSCO Group decided to implement the specialization of the operation and management of the ocean shipping. In December of the same year, the headquarters of CIMC moved to Shanghai and merged with Shanghai Ocean Shipping Company to form COSCO Container Lines Co. On April 18, 1979, the vessel "Liu Lin Hai" arrived at the port of Seattle in the U.S., becoming the first Chinese merchant ship flying the five-star red flag to the U.S. after the establishment of Sino-US diplomatic relations. On May 1, 1979, Shanghai Branch of China Ocean Shipping Company was renamed as Shanghai Ocean Shipping Company (SOSCO for short). On February 10, 1981, "Zhangjiakou" made its maiden voyage to the U.S., opening up the container liner shipping route between China and the U.S. On June 4, 1981, "Fushun City" made its maiden voyage to Japan and opened China-Japan container liner service. In July 1983, "Liaohe" made its maiden voyage to Europe, opening up the container liner shipping route from China to Western Europe. On June 1, 1985, "Jianzhen" made its maiden voyage to Japan, opening up passenger and cargo liner service between China and Japan. In April 1986, the company's Container Vessel Management Department (later called Management Department 4) was established; in May 1987, Management Department 1, Management Department 2 and Management Department 3 were established; in August 1989, Management Department 5 was established; in February 1990, Management Department 6 was established. On September 1, 1990, COSCO held a press conference in Shanghai, announcing the completion of the company's Pacific Rim Container Liner Transportation Trunk and Branch Line Network. In July 1993, COSCO Group implemented "centralized operation and decentralized management" for container vessels, and COSCO Container Transportation Headquarters was established in Beijing. On December 29, 1997, COSCO Container Lines Co., Ltd. (Shanghai Ocean Shipping Co., Ltd.), which was established by merging COSCO Container Lines Headquarters and Shanghai Ocean Shipping Company, started trial operation. Period of Reform and Innovation (1998 to present) The establishment of COSCO Container Lines Co., Ltd. marked the company's entry into a new period of reform and innovation. From September 24, 1997 to April 5, 1998, the Company handed over 45 general cargo vessels and 15 bulk carriers to Guangzhou Ocean Shipping Company and Tianjin Ocean Shipping Company respectively; meanwhile, from October 4, 1997 to January 30, 1998, the Company accepted container vessels***5 transferred by COSCO Guangzhou and COSCO Tianyuan Shanghai Ocean Shipping Co.
8 vessels. After completing the handover of vessels, the company ****has 132 container vessels with a total capacity of 210,000 TEUs. In the following six years, the company, under the leadership of COSCO Group, implemented a series of reforms, adjustments and innovations around the container operation and management system, fleet restructuring, informationization construction, ship and crew management, and land-based industry operation and development. Aiming at the goal of building a world-class shipping enterprise, deepening reform, seeking for innovation, and fundamentally enhancing the core competitiveness and risk-resistant capability of the enterprise have become the important tasks of the company in the new period. Accelerating fleet restructuring, more and more new ships and big ships have been put into operation one after another, and more and more special branded routes have come into being; accelerating the construction of informationization, the global container transport information system, financial information system and ship management information system have been put into operation one after another, and promoting the innovation of operation and sales, management technology and customer service; implementing the reform of marketing integration, and the overall advantage of the global marketing and service network has been formed; expanding the export of crew labor and ship management. In 2003, COSCO Container Lines completed 3.98 million TEUs of container volume, with an overall punctuality rate of 95.4%, and the monthly transportation production indexes hit a record high for several consecutive months. As of March 2004, COSCON*** owned 113 container ships with a total capacity of 256,000 TEU, an average capacity of 2,270 TEU, an average ship age of 10 years, and an average speed of more than 18 nautical miles per hour. 8,000 TEU super-large container ships came into operation in August 2004, which kicked off a new round of rapid development of COSCON. At the same time, the new Shanghai Ocean Shipping Company (SOSCO), which focuses on crew management, ship management and land-based shipping-related industries, was successfully established and inaugurated on September 26, 2004 for operation. From then on, Shanghai Ocean Shipping Company, which has a 40-year history of development, will embark on a new journey of development. On January 27, 1998, COSCO Container Lines Co., Ltd. held a ceremony to inaugurate its establishment in Waigaoqiao Free Trade Zone in Pudong, and Vice Premier of the State Council Wu Bangguo unveiled the plaque for the establishment of the company. On September 28, 1998, COSCO Container Lines Crewing Company was inaugurated. On March 18, 2000, COSCO Container Lines Ship Management Company (internally known as COSCO Container Lines Management Department) was formally established through the merger of COSCO Container Lines Crewing Company, Management Department and Shanghai Ocean Education Center. On August 10, 2000, Shanghai COSCO Land Industry Corporation was established. On January 12, 2001, Shanghai COSCO Foreign Labor Service Co. In December 2001, COSCO Group implemented the business reorganization of liner and logistics units, and the COSCO Cargo System was reorganized into COSCO Container Lines. On February 10, 2002, Shanghai COSCO Ship Management Co. In November 2003, COSCO Overseas Container Business Unit was incorporated into COSCON. In September 2004, the new Shanghai Ocean Shipping Company was reorganized and inaugurated as a modern enterprise with independent legal person operation qualification integrating diversified industries such as ship management, crew labor service and comprehensive industry. In September 2009, it was renamed Shanghai COSCO Transportation Company Limited and successfully listed on the stock market, "China COSCO.