COSCO's new management will have to work hard to cut costs in its 600-strong fleet.
The shipment was carried aboard a vessel owned by the company subsidiary Cosco Tianjin.
Others include Cosco (Singapore), which mostly does ship repair and conversion and appears to be equally buoyant.
The Clinton pre-election obsession with California doubtless contributed to the administration's enthusiasm for the COSCO-Long Beach development.
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Berger, who told senators there was no credible evidence linking Cosco to illegal activity, including arms smuggling.
Container-leasing firm COSCO Pacific, controlled by one of China's top shipping companies, merits a look, says the European brokerage analyst.
Our Dec. 10 story on the Chinese shipping giant Cosco Group referred to a Hong Kong-listed unit, China Cosco Holdings.
COSCO's bulk fleet, for instance, used to be run out of many different offices, with commercial management supposedly centred in Beijing.
This is the largest but not the only publicly traded Cosco offshoot.
COSCO's bulk operations on both the Shanghai and New York stock exchanges.
Cosco will run the port under a 35-year management contract and will be making substantial new investments there in the next few years.
It is owned by a local state-owned company, Nakheel, a subsidiary of Dubai World, and fed with daily shipments by a Chinese state-owned company, COSCO.
Sanctions would disrupt a major portion of the U.S.-Chinese shipping market controlled by Cosco, whose business lines include port terminals and warehousing, insurance, real estate and hotel management.
Also in Hong Kong, China's largest shipping company China Cosco Holdings fell 5.3% after the company announced that it plans to sell its logistics unit to its state-owned parent.
The most prominent deal is a concession for COSCO Pacific, a state-owned shipping and ports giant, to run a terminal at the port of Piraeus and perhaps to build another.
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"Even though China's export growth will slow this year, containerization is a major growth factor behind the expansion of China's trade, and COSCO can still enjoy very high growth, " he says.
Credit Suisse estimates that 35% of China COSCO's revenue and 32% of China Shipping Container Lines' comes from the Asia-Europe route, while earnings from European trade for the country's port operators varies between 7.3% to 34.1%.
Mr. Wei and other Cosco officials were in the United States to meet port officials in Massachusetts, where they had reached an agreement with the Massachusetts Port Authority to begin a weekly shipping service between Shanghai and Boston beginning next year.
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