Industry News

COSCO Shipping's "Green Water 01" redefines maritime sustainability standards

Views : 171
Update time : 2024-05-08 16:53:15
COSCO Shipping, a Chinese state-owned enterprise, has unveiled what it heralds as the "world's largest" electric container ship capable of navigating river to sea. Named the Green Water 01, this vessel surpasses the 10,000-ton mark, marking a significant milestone in advancing sustainability within the maritime logistics sector.

Cosco, abbreviated as China Ocean Shipping (Group) Company, is a formidable state-owned multinational conglomerate headquartered in Shanghai. Its primary expertise lies in marine transportation. COSCO Shipping was founded in 2016 following a sanctioned merger between COSCO and China Shipping, solidifying its prominent presence in the industry.

COSCO Group is China's premier liner carrier, facilitating the daily transport of numerous container vessels. Moreover, it plays a pivotal role in aiding Chinese automakers by supplying ships to export their electric vehicles to burgeoning markets like Europe.

China is the world's largest aluminium producer while maintaining its position as the largest importer of bauxite, the primary ore for aluminium production. Among the key facilitators of this intricate supply chain is COSCO, whose pivotal role in orchestrating bauxite shipments into the nation is instrumental.

Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics