Company Directory - COSCO Shipping
Company Details - COSCO Shipping
COSCO Shipping
WebsiteChina
COSCO Shipping is a Chinese state-owned shipping and logistics company, providing integrated logistics services through a vast network of container shipping, port terminals, and related support services. It is involved in shipping, freight forwarding, logistics, and port operations on a global scale.
CCI Score
CCI Score: COSCO Shipping
-42.78
0.18%
Latest Event
COSCO Shipping Blacklisted for Alleged Military Ties
COSCO Shipping, along with its North America and Finance affiliates, was added to the U.S. Department of Defense's warrants list on January 7, 2025, for alleged links to China's military. The company has refuted the allegations, asserting compliance with all regulations, but the blacklisting raises concerns about its potential support for authoritarian military objectives.
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TOADIE
COSCO Shipping is currently rated as a Toadie.
Latest Events
- JAN072025
COSCO Shipping, along with its North America and Finance affiliates, was added to the U.S. Department of Defense's warrants list on January 7, 2025, for alleged links to China's military. The company has refuted the allegations, asserting compliance with all regulations, but the blacklisting raises concerns about its potential support for authoritarian military objectives.
-70
Public and Political Behavior
May 6
The U.S. DoD blacklisting COSCO Shipping on the grounds of alleged military support points to a potential alignment with state militarism, which according to our metrics falls under negative public and political behavior, given the risks of bolstering authoritarian military influence.
U.S. Blacklists COSCO Shipping Over Alleged Military Ties, Straining Greece-China Relations
-50
Business Practices and Ethical Responsibility
May 6
The allegations leading to the blacklisting call into question COSCO Shipping's ethical business practices. Being accused of providing goods or services that may support military operations raises serious issues regarding corporate accountability and ethical responsibility, particularly in the context of potential support for authoritarian agendas.
U.S. Blacklists COSCO Shipping Over Alleged Military Ties, Straining Greece-China Relations
- NOV152024
COSCO Shipping, the majority owner of Peru’s Chancay Port, engaged in controversial legal actions including filing a protective suit to limit Ositran’s oversight and disputing exclusive operating rights. These maneuvers have raised concerns about regulatory capture, diminished public oversight, and potential alignment with authoritarian state interests.
-40
Public and Political Behavior
May 6
COSCO Shipping's filing of a protective legal action against Peru's regulatory body Ositran to limit government oversight is indicative of attempts to undermine public accountability and transparency, aligning with authoritarian practices.
Peru’s Chancay Port and the Risks of China’s Growing Influence
-30
Regulatory Capture
May 6
By challenging the oversight of Ositran and insisting on exclusive control of port operations, COSCO Shipping appears to be pursuing regulatory capture, undermining competitive fairness and public interest in a vital transportation hub.
Peru’s Chancay Port and the Risks of China’s Growing Influence
- AUG132024
COSCO Shipping continues to station Communist Party commissars on its ships, integrating political indoctrination and ideological guidance into its operational model. This move, rooted in state directives and traditional control methods, reinforces authoritarian practices by merging political oversight with maritime operations.
-50
Public and Political Behavior
May 6
The practice of maintaining onboard Communist Party commissars institutionalizes political control and state indoctrination within COSCO Shipping's operations. This close intertwining of state ideology with corporate practices reflects authoritarian influence and undermines democratic and inclusive workplace values.
- OCT012023
The German government is re-evaluating the approval granted last October for COSCO Shipping, a Chinese state-owned enterprise, to acquire up to a 24.9% stake in the Tollerort container terminal in Hamburg amid growing concerns over human rights, ties with Russia, and tensions surrounding Taiwan. The review reflects broader unease about allowing an authoritarian state's firm to control critical infrastructure.
-40
Public and Political Behavior
May 6
COSCO Shipping’s involvement in securing a significant stake in a critical German port has drawn political scrutiny due to the implications of an authoritarian state extending its influence through economic channels. This raises concerns over democratic oversight and the potential for politically motivated interference in public infrastructure.
-50
Economic and Structural Influence
May 6
By acquiring a stake in a strategic piece of infrastructure, COSCO Shipping potentially enables authoritarian economic leverage abroad. The move is seen as reinforcing the economic and structural influence of a state known for its authoritarian governance, thereby raising alarms over the integrity of critical public assets.
- NOV182022
The article outlines how COSCO Shipping, a Chinese state-owned enterprise, is being used as an instrument to extend the Chinese Communist Party's geopolitical influence abroad. It highlights that COSCO Shipping not only controls a vast network of container ships and global ports but also plays a part in supporting the CCP’s strategic economic and military interests, including maintaining supply chains that benefit authoritarian regimes like Russia, despite economic sanctions.
-50
Public and Political Behavior
May 6
COSCO Shipping is portrayed as an extension of the CCP's state power by leveraging its global shipping operations to bolster China's political influence. Its role in these activities raises concerns about the use of corporate resources to further authoritarian state agendas, particularly in supporting geopolitical strategy.
How China Uses COSCO Ships to Boost Its Political Influence Abroad
-60
Economic Collaboration
May 6
The analysis points out that COSCO Shipping’s continued operations, such as increasing the handling of Russian crude oil during sanctions, indicate active economic collaboration that indirectly supports authoritarian regimes. This further underscores concerns that the company is complicit in facilitating economic structures that benefit undemocratic state actors.
How China Uses COSCO Ships to Boost Its Political Influence Abroad
- JUL032019
COSCO Shipping, the world’s largest shipowner, is recruiting Communist Party members and military veterans to serve as political commissars on 25 leadership positions aboard its ships as part of its Red Seas Plan. These roles come with significant compensation and are aimed at strengthening ideological control within the company.
-70
Public and Political Behavior
May 6
COSCO Shipping's initiative to reinstate political commissars on its vessels reinforces state control and ideological discipline, aligning corporate practices with authoritarian political structures. This politicization of crew leadership supports an environment of ideological conformity, which can undermine independent labor rights and contributes to the broader consolidation of authoritarian power.
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