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    1.Statement of the President
    3.Analysis on primary influences, risks, opportunities
and countermeasures of sustainable development
    4.General information of COSCO
    5.Basic profile of companies implementing sustainable development management system
5)Overseas Companies
    7.General information of the report
  1)Scope of report
2)Report compilation principles
3)Report guarantee methods
4)Scope and level of the report



China Ocean Shipping (Group) Company (known as COSCO Group) is a large global enterprise group focusing on international shipping, logistics & ports, and ship-building and ship-repairing businesses. It is also a Fortune 500 enterprise. After half of century of development, COSCO Group has grown from none to existing size, from a small one to a large one, from a weak one to a strong one, with its fleet size ranks the 2nd in the world, its modern logistics business develops from No.1 to internationally renowned enterprise, and its ship-building and ship-repairing business from China's leading position to internationally advanced one. Since 21st century, COSCO Group has sped up its globalization process, with operation service, capital operation, cultural management, cooperation & competition, social responsibility and globalization of foreign diplomatic resources have become important features.
COSCO owns and controls over 800 modern merchant vessels with a total tonnage of 51 million DWTs and, by the end of 2008, an annual carrying capacity of 400 million tons. COSCO Group's shipping lines cover over 1,500 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 Group is positioned first in China and sixth in the world by container fleet size, and is also the first in the world by dry bulk fleet. COSCO Group owns world's most advanced container ships with tonnage of more than 10000TEU, Asia's No.1 "semi-submersible ships", heavy lift ships for loading of super large and heavy cargos, 300,000-ton VLCC, and professional automobile ships.
COSCO Group owns rich logistics facilities and resources. It operates more than 4,000 logistics vehicles, including large cargo transport vehicle with 289 axes and the largest carrying capacity of 8,000 tons, 2.49 million square meters of storage ground and 2.97 million square meters of warehouse. Besides, it also enjoys advantages in terms of talents, technologies and global service network. COSCO Group tries to promote business model optimization and improves business profitability focusing on three core businesses, namely modern logistics, ship agents and cargo agents. It provides high value-added services for customers in household, chemical, power and financing sectors. Besides, it also provides logistics services for many key projects home and abroad, such as Qinghai-Tibet Railway, Tianjin Airbus and Indian power station, setting many world records.
COSCO Group has many ship-building and ship-repairing bases in Dalian, Zhoushan, Nantong, Guangdong, Shanghai and Lianyungang. These bases own a total of 16 docks including 300,000-ton-class dock and 500,000-ton-class dock, 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 annual repair and refit over 500 large-sized vessels and build up 2.4 million tons of ships, generating over 20 billion yuan of operating revenue in 2008.
COSCO Group has formed a global structure with Beijing as the center, 9 regional companies in Hong Kong, America, Europe, Singapore, Japan, Australia, Korea, West Asia and Africa as the radiation points. It owns more than 1,000 companies and branches in over 50 countries and regions. It hires 400 personnel long-term stationed overseas and over 4,000 foreign employees. The overseas assets and income of COSCO Group have exceeded more than half of the total. Currently, a complete global business chain including shipping, logistics, terminal, and ship-building and ship-repairing businesses is forming. COSCO Group invests into and operates 32 terminals, with a total of 157 berths. According to data released by Drewry in September 2008, the port throughput of COSCO Group ranked the fifth in the world in 2007.
With the progress of the overall planning of "colistic listing and step-by-step implementation", and the development of "Capital COSCO" to certain scale with China COSCO as the flagship platform, listing of China COSCO at Hong Kong Stock Exchange becomes the ever-largest public offering in global shipping industry. In 2008, China COSCO ranked the 242th in Financial Times' Global 500. COSCO Group was one of the earliest Chinese enterprises that entered international capital market. Early in 1993, COSCO Investment was listed in Singapore in form of back-door listing. Currently, it holds controlling shares or shares of 8 listed companies including China COSCO, COSCO Pacific, COSCO International, COSCO Corporation (Singapore), COSCO Shipping, CIMC, China Merchants Bank and Sino-Ocean Land.
Over the years, COSCO Group has been dedicated to informationization construction. It has invested billions of yuan to introduce, digest and absorb latest achievements of modern information sector and tries to build up "digital COSCO". It has developed and deployed IRIS-2, SAP, office automation, ship/shore electronic information communication, ship engineering management, shipping management and customer service systems. In 2008, COSCO Group ranked the 2nd in Top 500 Chinese Enterprises for Informationization.
COSCO brand has become the important intangible asset of COSCO Group. Vessels and containers carrying COSCO logos shuffle worldwide, becoming the image representative of China. Among business sectors of COSCO Group, PENAVICO, sub-brands such as COSCO SHIPYARD and CHIMBUSCO show strong vital force, competitiveness and influence in production, operation and management process, adding new colors to world-renowned COSCO brand.
COSCO Group combines the performance of corporate social responsibilities and corporate development strategies, actively cultivated "green competitiveness" and successfully enters the list of Fortune Global 500. Main indicators for internationalization operation are closing to UN's standards for Global 100 transnational companies. It is gradually enhancing its position as a system integrator in international shipping, logistics and ports and ship-building and ship-repairing sectors and is marching towards a leading enterprise in global shipping industry under the principle of "globalized development, harmony and mutual benefits" and the century vision of "building up a century-old COSCO".
COSCO 2009