COSCO SHIPPING Lines debuts Hi ECO sustainable shipping product

COSCO SHIPPING Lines has presented the first green shipping certificate at Volvo’s Asia Pacific headquarters on 5th December, based on their utilization of COSCO SHIPPING Lines’ green shipping product Hi ECO.

In the context of global climate change, the green economy and sustainable development have emerged as the global development trend. As a result, COSCO SHIPPING Lines pioneered the bunkering of its operating vessels with biofuel to achieve measurable carbon emission reduction in 2022.

COSCO SHIPPING Lines has consistently been dedicated to assisting customers in reducing greenhouse gas emissions and making positive contributions to sustainable development. Hi ECO, a green shipping product utilizing green biofuels, presents an ideal solution for customers to easily decrease the carbon footprint of their shipments by reducing carbon emissions throughout the entire Well To WAKE life cycle. Through this added service, customers can reserve climate-friendly freight to fulfill their requirements for environmentally friendly transportation.

Volvo is the first customer to make an agreement with COSCO SHIPPING Lines for green shipping services, and COSCO SHIPPING Lines will provide intercontinental cargo transportation services for Volvo through its Hi ECO green service products, marking a significant milestone for both parties.

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Über die COSCO SHIPPING Lines (Germany) GmbH

China COSCO SHIPPING Corporation Limited (hereinafter referred to as COSCO SHIPPING Group or the Group) is an SOE headquartered in Shanghai. It is the merged entity of China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company (China Shipping).

As of Dec 31, 2022, the total fleet of COSCO SHIPPING comprises of 1394 vessels with a capacity of 113.82 million DWT, ranking No.1 in the world. Its container fleet capacity is 3.02 million TEU, ranking the third in the world. Its dry bulk fleet (437 vessels / 45.14 million DWT), tanker fleet (228 vessels / 29.18 million DWT) and general and specialized cargo fleet (175 vessels / 5.78 million DWT) are all topping the world’s list.

Thanks to its complete global service network, COSCO SHIPPING has become a top international brand. The upstream- and downstream links along the industry chain, such as shipping, terminals, logistics, shipping finance, ship repair and shipbuilding, have formed a sound industrial structure. The Corporation has invested in 56 terminals, including 49 container terminals, all over the world. The annual throughput of its container terminals amounts to 131.79 million TEU, taking the first place worldwide; the global sales volume of its bunker fuel exceeds 28.30 million tons, which is the largest in the world; and the container leasing business scale reaches 3.91 million TEU, the third largest in the world. Its offshore engineering manufacturing competence and vessel agency business are also leading in the world.

To serve the global trade and operate a global network, COSCO SHIPPING has been focusing on the establishment of a “3+4” industrial ecosystem, with shipping, ports and logistics as its foundation and core industries, and with shipping finance, equipment manufacturing, value-added service and digital innovation as the enabling and value-added industries. Based on that, it further aims to build a world-class integrated logistics service and supply chain service ecosystem.
https://en.coscoshipping.com/

About COSCO SHIPPING (Europe) GmbH
COSCO SHIPPING (Europe) GmbH is the regional management company of the China COSCO SHIPPING Corporation in the European Region. The predecessor of this company, formerly known as ‘COSCO Europe GmbH’, was the representative office of COSCO in Hamburg and registered and founded on February 15th, 1989, by the original COSCO Group in Hamburg, Germany. It was the first regional management company set up overseas by the COSCO Group.

The company’s business administration extends from Europe to North Africa, the Mediterranean and the region along the Black Sea, covering 64 countries in total. The scope of business comprises container transportation, break bulk cargo transportation, logistics services, terminal operations, ship technical services and ship fuel supply, etc. The company’s headquarters installed the Administrative & Personnel Department, the Strategic Development Department, the Supply Chain Development Department, the Department of Financial Management, the European Audit Division and the Break Bulk Transport Department, 6 departments all together. The company has 15 daughter companies in 12 countries, of which some are wholly owned and some are joint-venture companies. They are located in China, Germany, the United Kingdom, the Netherlands, Belgium, Finland, France, Italy, Turkey, Romania, Greece and Egypt.
www.coscoshipping.eu

Firmenkontakt und Herausgeber der Meldung:

COSCO SHIPPING Lines (Germany) GmbH
Am Sandtorkai 60
20457 Hamburg
Telefon: +49 (40) 36092-0
http://coscoshipping.de

Ansprechpartner:
Christian Klaus
Head of PR & Communications Europe
E-Mail: christian.klaus@coscoshipping.de
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